On a given production possibilities frontier,which of the following is not assumed to be fixed?
A)The amount of labor available
B)The amount of capital available
C)The level of technology
D)The amount of land and natural resources available
E)Production of each item

Question

Quizplus · Accepted Answer

The production of each item can vary depending on the economy's decision to allocate resources towards one item or another. However, on a production possibilities frontier, the available resources, including labor, capital, technology, land, and natural resources, are assumed to be fixed.

On a Given Production Possibilities Frontier,which of the Following Is