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TEA [102]
3 years ago
13

Define a production possibility curve

Business
2 answers:
Alex777 [14]3 years ago
8 0

Answer:

A production possibilities curve in economics measures the maximum output of two goods using a fixed amount of input. The input is any combination of the four factors of production: natural resources (including land), labor, capital goods, and entrepreneurship.

Explanation:

Hope it's help you <em /><em />

Alexxandr [17]3 years ago
7 0
<h3>What is production possibility curve?</h3>

production possibility curve  is  can be regarded as a curve which provides illustration of the possible quantities, which is very possible to be produced from two products.

And for this to be possible, both must depend upon the same finite resource for their manufacture.

Learn more about production possibility curve at:

brainly.com/question/8583830

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3 years ago
Job shops tend to be __________ while continuous processes tend to be __________. Small-scale and flexible; Large-scale and infl
Blizzard [7]

Answer:

Small-scale and flexible; Large-scale and inflexible.

Explanation:

Job shops tend to be <u>small scale and flexible</u> while continuous processes tend to be <u>large scale and inflexible</u>.

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7 0
4 years ago
Price discrimination is a rational strategy for a profit-maximizing monopolist when A. consumers are unable to be segmented into
creativ13 [48]

Price discrimination is a rational strategy for a profit-maximizing monopolist when there is no opportunity for arbitrage across market segments.

<u>Option: C</u>

<u>Explanation:</u>

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