Emilia O'Kon
Oct 11, 2024
Production possibilities frontiers curve when they are charted on a graph because they show a. the underutilization of resources.
Why does the production possibilities frontier (PPF) curve when charted on a graph?
a. It illustrates the underutilization of resources.
b. It shows the maximum possible output of goods and services.
c. It reflects increasing costs that lead to diminishing returns in output.
d. It represents the technological level of the economy's productivity.
3 Answers
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