Answer to Question #333617 in Microeconomics for Bree

Question #333617

The production possibility curve represents?

1
Expert's answer
2022-04-25T16:58:06-0400

The production possibility curve illustrates the varying amounts of two products that can be produced when both depend on the same finite resources. It demonstrates that the production of one commodity may increase only if the production of the other commodity decreases.


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