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.
Micro Economics For Today
Micro Economics For Today
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.
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