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

Question

Social Studies

Reagan Wiggins

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

+2

Answers (2)

Know the Answer?

Keira Cameron · Answer 1

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

Tiffany Morse · Answer 2

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.