Answer to Question #236930 in Economics of Enterprise for tee

Question #236930

A production possibility frontier shows: A. The maximum combination of inputs that can be used to produce output in a typical economy. B. The maximum revenue that can be generated from the sale of output produced by limited resources in an economy. C. The minimum quantities of commodities that can be produced from limited but fullyemployed resources in an economy. D. The maximum quantities of commodities that can be produced from limited but fullyemployed resources in an economy. E. The quantities of factors of production available to produce goods and services in an economy. 


1
Expert's answer
2021-09-14T18:58:46-0400

A. The maximum combination of inputs that can be used to produce output in a typical economy.

It displays several output combinations of 2 goods which may be produced through available technology and resources.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS