What does each point on a production possibilities curve represent?
Efficiency in production
The maximum potential output for a combination of two final goods and services
An attainable combination of goods that can be produced given unlimited resources
Inefficiency in production

Question

12-05-2024
Business

contestada

What does each point on a production possibilities curve represent?
Efficiency in production
The maximum potential output for a combination of two final goods and services
An attainable combination of goods that can be produced given unlimited resources
Inefficiency in production

Respuesta :

Otras preguntas

due to advances in high speed communication networks, the information lag, or the time it takes for information to be disseminated around the world, has been si

Stephanie is a taxi driver. She rents her taxi for $300/week. She feels she can take in $120/day in fares. Let D be the number of days she drives her taxi in a

you are the captain of your school football team write a notice to inform all about the semi-final match your team is going to play after school hours for the A

Saul wants to bike 48 kilometers to taste some really good mangoes. 1. Write an equation that represents how many hours (t) the48km start text, k, m, end text t

.assume that corn is an input in the production of beef but not in the production of pork. further, beef and pork are substitutes. a decrease in the price of co

compare and contrast the early colonial empires of spain and england in temrs of motives for settlement, econoices and relations with africans and indians

what is the theoretical yield of bromobenzene in this reaction when 30.0g of benzene reacts with 65.0 g of bromine?

need help !! Please somebody help

Simplify:(4x^2 - 2x) - (-5x^2 - 8x) aye could yall help a brother out?

what were some of the major independence movements following world war ii, and how are they similar to and different from earlier movements?

GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-12T19:46:10+02:00

Final answer:

Points on the production possibilities curve represent efficiency in production and the maximum potential output for a combination of goods and services.

Explanation:

Points on the production possibilities curve represent efficiency in production and the maximum potential output for a combination of two final goods and services. The curve shows how an economy can produce efficiently given its resources. If factors are idle or inefficiently allocated, the economy operates inside the curve, indicating inefficiency.

Learn more about Production possibilities curve here:

https://brainly.com/question/31815342

What does each point on a production possibilities curve represent?Efficiency in productionThe maximum potential output for a combination of two final goods and servicesAn attainable combination of goods that can be produced given unlimited resourcesInefficiency in production

Respuesta :

Final answer:

Explanation:

Learn more about Production possibilities curve here:

Otras preguntas

What does each point on a production possibilities curve represent?
Efficiency in production
The maximum potential output for a combination of two final goods and services
An attainable combination of goods that can be produced given unlimited resources
Inefficiency in production