If a production possibilities frontier appears as a downward sloping straight line, which of the following occurs?

Business

1 answer:

lora16 [44]3 years ago

8 0

Answer:

The correct answer is option d.

Explanation:

A production possibility curve shows the different bundles of two goods that can be produced using all the resources and technology available.

The slope of the curve represents the opportunity cost of producing a good.

We cannot increase the production of both goods, so we need to sacrifice one good if we want to increase the production of the other.

A straight line downward sloping frontier means that the opportunity cost of production is constant. This means that the resources are perfectly substitutable in the production of two goods. So throughout the production process, the marginal opportunity of producing each additional unit will remain constant.

You might be interested in

What is a certificate of incorporation? A. taxes a stockholder pays B. a license to form a corporation C. a report filed with th

lions [1.4K]

A license to form a corporation issued by the state government.

3 0

2 years ago

Read 2 more answers

A bachelors degree in which of the following areas is a good choice for an arts an communication manager?

Alenkasestr [34]

Answer: A) Business.

I hope this helped :)

5 0

2 years ago

Describe a product, and then give an example of a time when the demand for this product might be high and the demand for this pr

wariber [46]

Fitness service
around the time after new year cuz ppl start to getting fat cuz of earing too much during new year holidday l
aroung jan to mar that s when ppl start to be very fire up about getting in shape

6 0

2 years ago

How is creative thinking similar to a child’s thinking? A. Neither process restricts itself to logical solutions. B. Both though

-BARSIC- [3]

Answer: D. Both thought processes are linear

Explanation: I think I'm not too certain.

5 0

2 years ago

Elaina and Allen just purchased a home using a deed of trust. Which of the following is most likely true about their home loan

kozerog [31]

Elaina and Allen just purchased a home using a deed of trust: A trustee will keep the title in its most basic form until the debt is paid off. This is further explained below.

<h3>What is a deed of trust?</h3>

Generally, From the perspective of the lender, a deed of trust offers a significant advantage over a mortgage in a number of important respects. In the event that the borrower fails to make their required payments on the loan, the trustee has the authority to use their right to foreclose on the property on behalf of the beneficiary.

In conclusion, A deed of trust was used in the recent purchase of a property by Elaina and Allen. Until the mortgage debt is completely paid off, a trustee will retain the title in its simplest form.