Author Question: At various points along the production possibilities frontier, a. the greatest achievable output ... (Read 68 times)

fnuegbu · **on:** Jul 1, 2018

At various points along the production possibilities frontier,
a. the greatest achievable output levels are illustrated
b. resources are not fully employed
c. more of one good can be obtained without giving up more of the other
d. more efficient output levels are possible
e. society is equally well off

Question 2

On a given production possibilities frontier, which of the following is not assumed to be fixed?
a. the amount of labor available
b. the amount of capital available
c. the level of technology
d. the amount of land and natural resources available
e. production of each item