Which of the following is the best description of the production possibilities frontier (PPF)?

a. The PPF is a curve showing alternative combinations of goods that can be produced when available resources are used efficiently.
b. The PPF is a curve showing the quantity of a good or service supplied by producers at each price level.
c. The PPF is a curve showing the changes in output of a good or service brought about by changes in input usage.
d. The PPF is a curve showing the different input combinations used to produce a particular good or service.


a

Economics

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Everything else equal, a depreciation of the dollar against the yuan:

A) will not affect the quantity of dollars demanded. B) will lead to a decrease in the quantity of dollars demanded. C) will lead to an increase in the quantity of dollars demanded. D) can either lead to an increase or a decrease in the quantity of dollars demanded depending on the magnitude of the depreciation.

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How do banks create liquidity?

What will be an ideal response?

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?The maximum likelihood estimates for Tobit models can be more easily obtained than the OLS estimates of a linear model.

Answer the following statement true (T) or false (F)

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Which of the following is NOT true for a perfectly competitive firm in the long run?

A) MR = MC B) MC > LAC C) Price = MC D) SAC = LAC

Economics