Key Concept: Production possibilities curve Which of the following is not true about a production possibilities curve? The curve a. indicates the combinations of goods and services that can be produced with a given technology. b. indicates the efficient production points. c. indicates the nonefficient production points. d. indicates the feasible (attainable) and non feasible production points. e. indicates which production point will be chosen.

BuyFind

Micro Economics For Today

10th Edition
Tucker + 1 other
Publisher: Cengage,
ISBN: 9781337613064
BuyFind

Micro Economics For Today

10th Edition
Tucker + 1 other
Publisher: Cengage,
ISBN: 9781337613064

Solutions

Chapter
Section
Chapter P1, Problem 6KC
Textbook Problem

Key Concept: Production possibilities curve

Which of the following is not true about a production possibilities curve? The curve

  1. a. indicates the combinations of goods and services that can be produced with a given technology.
  2. b. indicates the efficient production points.
  3. c. indicates the nonefficient production points.
  4. d. indicates the feasible (attainable) and non feasible production points.
  5. e. indicates which production point will be chosen.

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