Business

25 May, 07:02

A production possibilities curve represents

A. all possible combinations of output that could be produced at zero opportunity cost.

B. all possible combinations of output that could be produced assuming fixed productive resources and their efficient use.

C. all possible combinations of output that could be produced assuming changing technology.

D. the notion that greater quantities of all goods may be produced.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A production possibilities curve represents A. all possible combinations of output that could be produced at zero opportunity cost. B. all ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Who slole mona lisa the painting

Red Hot Inc. and Maverick Cycles Inc. are two competing motorcycle companies. While Red Hot's Cost of goods sold/Revenue is 63.4 percent, the Cost of goods sold/Revenue of Maverick Cycles is 54.2 percent.

Wotan owns 1,000 shares of a firm that has just announced an increase in its div - idend from $2.00 to $2.50 a share. the share price is currently $150.

QuickBooks Online offers many solutions for categorizing financial transactions. The most common categories used are Chart of Accounts and Products and Services items.

Ethan's job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks previously done by the accounting manager. This increase in responsibility would best be described as job a. enlargement.

New Questions in Business

Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the year and $34,338 at the end of the year.

Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia, for their own protection, put a clause in the contract that says the sale is contingent upon an independent appraisal indicating that the

One of Simplex Company's products has a contribution margin of $44,000 and fixed costs totaling $54,000. If the product is dropped, $37,000 of the fixed costs will continue unchanged.

When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm's research yields technological knowledge that can then be used by society as a whole. c.

Shot-term financial goals include saving for