Any output combination along a production possibilities frontier is associated with fully utilized resources.

Name: Any output combination along a production possibilities frontier is associated with fully utilized resources.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The production possibilities frontier represents the maximum possible output that can be produced with the available resources. Therefore, any point on the PPF implies that all resources are fully utilized to produce the combination of goods and services depicted by the point.

Any Output Combination Along a Production Possibilities Frontier Is Associated