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lbelcher lbelcher
wrote...
Posts: 482
5 years ago

Question 1.

On a diagram of a production possibilities frontier, opportunity cost is represented by the production possibilities frontier shifting outward.

• true

• false

Question 2.

Any output combination along a production possibilities frontier is associated with fully utilized resources.

• true

• false
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 55 times
1 Reply

Related Topics

Replies
wrote...
5 years ago

Answer 1

false

Answer 2

true
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