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 and what we want to consume B. can be produced and the prices paid for those C. we want to produce but cannot consume D. can be produced and the combinations that cannot be produced

Name: Production Possibilities Frontier Boundary Combinations Goods Services __ Given 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 and what we want to consume B. can be produced and the prices paid for those C. we want to produce but cannot consume D. can be produced and the combinations that cannot be produced

Answer 1

D. can be produced and the combinations that cannot be produced

Answer 2

## Step 1The production possibilities frontier (PPF) is a concept in economics that represents the maximum possible combinations of two goods or services that can be produced given the available factors of production and the state of technology. ## Step 2The PPF does not take into account what we want to produce or consume, nor does it consider the prices paid for those goods or services. It simply represents the maximum possible production given the available resources and technology.## Step 3The PPF does not represent the combinations that cannot be produced. It represents the combinations that can be produced given the available resources and technology.

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