Aproduction possibilities frontier (ppf) is
a. a curve showing the maximum attainable combina...
Business, 10.09.2019 04:30 abdirahmansoloman
Aproduction possibilities frontier (ppf) is
a. a curve showing the maximum attainable combinations of two products that may be produced with available resources and current technology.
b. a curve that shows the potential productive capabilities of the frontier (defined as the area outside of cities) of a developing economy.
c. a curve that illustrates the demand of two goods for the average consumer.
d. a curve showing the generally attainable combinations of two products that may be produced with all planned or potential, yet undeveloped technology.
Answers: 1
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