Suppose residents of Montana operate on their production possibility frontier,and they want to increase production of both wheat and fly-fishing rods.According to the production possibility frontier,this cannot happen without new resources or technological improvement.

Question

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The production possibility frontier (PPF) represents the maximum output combinations of two goods that an economy can produce given available resources and technology. To increase production of both goods beyond the current PPF, the economy would need new resources or technological improvements.

Suppose Residents of Montana Operate on Their Production Possibility Frontier,and