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PilotLPTM [1.2K]
3 years ago
6

A point on the production possibilities curve represents a combination of goods that is

Business
1 answer:
Elodia [21]3 years ago
6 0

Answer:

The correct answer is:  feasible and efficient.

Explanation:

The production possibility curve or frontier shows the different bundles or combinations of two goods that be produced using the given resources and state of technology.  

All the points on the production possibilities curve represent the combinations that are feasible and efficient.

The points below the curve show the points that are feasible but inefficient.

The points above the curve show the points that cannot be attained using the given level or resources and technology.

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When society produces the combination of goods and services on the ppf that it values the most highly, society has?
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Answer:

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