QuestionMay 26, 2025

Question 18 (1 point) The production possibilities frontier is a graph showing the 1) exact point of greatest efficiency for producing goods and services with the given resources. 2) lowest point of production of goods and services with the given resources. 3) maximum combinations of goods and services that can be produced with the given resources. 4) minimum combinations of goods and services that can be produced with the given resources.

Question 18 (1 point) The production possibilities frontier is a graph showing the 1) exact point of greatest efficiency for producing goods and services with the given resources. 2) lowest point of production of goods and services with the given resources. 3) maximum combinations of goods and services that can be produced with the given resources. 4) minimum combinations of goods and services that can be produced with the given resources.
Question 18 (1 point)
The production possibilities frontier is a graph showing the
1) exact point of greatest efficiency for producing goods and services with the
given resources.
2) lowest point of production of goods and services with the given resources.
3) maximum combinations of goods and services that can be produced with the
given resources.
4) minimum combinations of goods and services that can be produced with the
given resources.

Solution
4.0(231 votes)

Answer

3) maximum combinations of goods and services that can be produced with the given resources. Explanation 1. Identify the definition of the production possibilities frontier The production possibilities frontier (PPF) represents the maximum combinations of goods and services that can be produced with given resources.

Explanation

1. Identify the definition of the production possibilities frontier<br /> The production possibilities frontier (PPF) represents the maximum combinations of goods and services that can be produced with given resources.
Click to rate:

Similar Questions