Multiple Choice
Movements along a Production Possibilities Frontier (curve) are an indication of:
A) the change in efficient production levels
B) none of the other three answers
C) all points of equal marginal rates of substitution
D) opportunity cost between production and two inputs
Correct Answer:

Verified
Correct Answer:
Verified
Q46: A Production Possibilities Frontier is:<br>A) all combinations
Q47: Use graphical analysis to show the impact
Q48: The slope of the Production Possibilities Frontier
Q49: For a farm producing two crops and
Q50: A change in relative prices will affect
Q52: The PPF is:<br>A) concave to the origin<br>B)
Q53: The Production Possibilities Frontier (curve) represents all
Q54: The opportunity cost of a resource tells
Q55: If all resources are used to produce
Q56: The MRPS is:<br>A) the rate at that