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Merlin891 Merlin891
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A year ago
A point lying inside the production possibilities boundary is one at which

▸ more output could be produced with existing resources.

▸ the economy has run out of resources.

▸ the opportunity cost of producing more output is negative.

▸ there is no scarcity.

▸ it is not possible to produce more output with existing resources.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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ugotpwned5ugotpwned5
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A year ago
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Merlin891 Author
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A year ago
Correct Slight Smile TY
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africa143
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Smart ... Thanks!
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