The production possibilities frontier is the
A) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced,given the available factors of production and the state of technology.
B) minimum output that can be produced when resources are used inefficiently.
C) maximum output that can be produced at an opportunity cost of zero.
D) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced when technology is changing.
E) maximum opportunity cost combinations of goods and services.
Correct Answer:
Verified
Q12: In the production possibilities frontier model,an unattainable
Q13: A production possibilities frontier shows
A)that if price
Q14: Assume that an association of young workers
Q15: Consider a production possibility frontier with jeans
Q16: Q18: In a production possibilities frontier diagram,the attainable Q20: When all of the available factors of Q20: In the production possibilities model,the vertical axis Q21: Q22: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()