True or False: The production possibilities frontier consists of straight-line segments, rather than being smoothly bowed outward throughout, because each worker faces a constant trade-off between mowing lawns and washing cars.

Question

Social Studies

Shamar Bauer

7 March, 21:56

True or False: The production possibilities frontier consists of straight-line segments, rather than being smoothly bowed outward throughout, because each worker faces a constant trade-off between mowing lawns and washing cars.

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Answers (1)

Know the Answer?

Jesus Mitchell · Answer 1

correct answer is: "TRUE"

Explanation:

Production possibilities frontier (PPF) or production possibility curve, demonstrate the highest production combinations of two products or services.

The straight line shows constant opportunity cost. It means that the capital is not specialized and can be replaced for each other without added cost.