Ask Question
BusinessBusiness
6 April, 10:42

An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an:

a: inward shift of the PPF.

b: outward shift of the PPF. c: outward rotation along the x axis.

d: outward rotation along the y axis.

e: increase in opportunity cost.

+2
Answers (1)
  1. 6 April, 10:59
    0
    B) outward shift of the PPF.

    Explanation:

    The production possibilities frontier (PPF) refers to the different combinations of production output for two different goods that can be produced given a fixed amount of available resources (e. g. machinery, materials, labor).

    If there is an increase in the availability of resources (e. g. more materials are available or more machines are used), then more goods can be produced. Therefore the PPF curve should shift outwards since total output will increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an: a: ...” 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
Which of the following accounts should appear in a post-closing trial balance? Select one: A. Service Fees Earned B. Depreciation Expense C. Income Summary D. Accounts Payable
Answers (1)
the principles of justice convey that the organization must prepare for problems by establishing a formal discipline process in which the consquences become severe if the employee repeates the offense. Identify this process.
Answers (1)
Hoover Company purchased two identical inventory items. The item purchased first cost $45.50. The item purchased second cost $50.75. Then Hoover sold one of the inventory items for $70. Based on this information, the amount of:
Answers (1)
Esposito, Inc. uses a just-in-time costing system. During the month, Esposito incurred $700,000 as direct labor and $8000 as overhead. Wages were not paid. Which of the following is the correct journal entry to record the conversion costs? A.
Answers (1)
Suppose you purchased 500 shares of Jet-Electro Corporation stock at a price of $22.50 per share. One year later, the shares are selling for $21 each. In addition, a dividend of $1.50 per share was paid at the end of the period.
Answers (1)
New Questions in Business
What is the difference between a layoff and being fired?
Answers (1)
What is "risk" and how can people reduce it through "risk shifting"?
Answers (1)
Which type of business is best for Juanita to start? A corporation, because she needs a large investment to get started a sole proprietorship, because she will work alone from home a franchise, because many others will want to start the same
Answers (2)
The essential requirement for different businesses to be related is that A. E) the production methods that they employ both entail economies of scale. B. B) the products of the different businesses are bought by much the same types of buyers. C.
Answers (1)
Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B.
Answers (1)
Home » Business » An increase in general resources that affects the production of both goods on a production possibilities frontier (PPF) would cause an: a: inward shift of the PPF. b: outward shift of the PPF. c: outward rotation along the x axis.
Sign Up Forgot Password?