The production possibilities frontier is the boundary between the combinations of goods and services that __ given the available factors of production and the state of technology. A. we want to produce but cannot consume B. can be produced and the prices paid for those C. can be produced and the combinations that cannot be produced D. we want to produce and what we want to consume

Name: The Production Possibilities Frontier the Boundary the Combinations of Goods Services That __ Given the Available
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Question

The production possibilities frontier is the boundary between the combinations of goods and services that __ given the available factors of production and the state of technology. A. we want to produce but cannot consume B. can be produced and the prices paid for those C. can be produced and the combinations that cannot be produced D. we want to produce and what we want to consume

Answer 1

The correct answer is C. The production possibilities frontier (PPF) is the boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology.

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