The production possibilities frontier shows the ________ combinations of two products that may be produced in a particular time period with available resources.
A) minimum attainable
B) maximum attainable
C) only
D) equitable

Question

Quizplus · Accepted Answer

The production possibilities frontier represents the maximum attainable combination of two products that can be produced given the available resources and technology at a particular time period. It shows all the possible production combinations of two goods that can be produced with full efficiency by using all the available resources. It helps in making decisions about what goods to produce and how much to produce to maximize the output efficiency.

The Production Possibilities Frontier Shows the ________ Combinations of Two