The production possibilities frontier is the
A) maximum output that can be produced at an opportunity cost of zero.
B) minimum output that can be produced when resources are used inefficiently.
C) 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.
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.
Question 2
The proven-reserves figure used in most years-to-depletion calculations encompasses oil reserves that are ________ and ________ to extract.
A) known; economical
B) both known and unknown; economical
C) known; both economical and uneconomical
D) both known and unknown; both economical and uneconomical
Herbivore biomass is positively correlated with net aboveground primary production.
As the world’s population continues to grow, demands on limited resources for food production
Major Agricultural Crops Produced in the United States, 2011
World Crude Oil Production and Reserves (Billions of Barrels)
A Production Function with Diminishing Marginal Product of Capital
State the amplitude, period, equation of the axis, and maximum and minimum value