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10 April, 00:16

What does a production possibilities curve represent?

A. a combination of price and demand of goods and services

B.

a combination of the goods produced before and after a change in a factor of production

C. a combination of two factors of production used to produce a single good or service

D.

a combination of two goods that can be produced using limited resources

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Answers (2)
  1. 10 April, 02:29
    0
    A.

    a combination of price and demand of goods and services

    B.

    a combination of the goods produced before and after a change in a factor of production

    C.

    a combination of two factors of production used to produce a single good or service

    D.

    a combination of two goods that can be produced using limited resources

    Explanation:

    #platofam
  2. 10 April, 03:09
    0
    Answer:Combination of two goods that can be produced using limited resources

    Explanation:

    A production possibilities curve is a graphical representation of the alternative combinations of goods and services an economy can produce. Considering the fact that an economy's factors of production are scarce; they can not produce an unlimited quantity of goods and services, a production curve is crucial in determining the alternative combinations of goods and services. For example if the curve is a straight line, it means the for every unit of good y relinquished, an additional unit of good x can be produced.
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