The shift from PPF1 to PPF2 implies all of the following EXCEPT: Select an answer and submit. For keyboard navigation, use the u

Question

3 years ago

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The shift from PPF1 to PPF2 implies all of the following EXCEPT: Select an answer and submit. For keyboard navigation, use the u

p/down arrow keys to select an answer. a the maximum amount of dining sets that can be produced did not change. b the maximum amount of laptop computers that can be produced increased. c the maximum amount of both outputs that can be consumed increased. d the maximum amount of each good that can be produced increased.

Business

1 answer:

BabaBlast [244] · Answer 1 · 2022-08-04T03:32:22+03:00

Answer:

The shift from PPF1 to PPF2 implies all of the following EXCEPT:

a. the maximum amount of dining sets that can be produced did not change.

Explanation:

A production possibility frontier (PPF) indicates the maximum possible output combinations of two goods or services an economy can produce with the efficient and effective utilization of economic resources. The production possibility frontier illustrates the concepts of opportunity cost, trade-offs and also shows the effects of growth in any given economy. A shift from PPF1 to PPF2 implies an increase.