The production possibilities frontier shows: a. all combinations of two inputs that can produce a constant level

Question:

The production possibilities frontier shows:

a. all combinations of two inputs that can produce a constant level of output

b. all combinations of two outputs that can be produced with a constant level of inputs

c. all levels of one output that can be produced with varying levels of inputs

d. an isoquant

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Agricultural Economics

ISBN: 9780415540704

1st Edition

Authors: Andrew Barkley, Paul W. Barkley

See More Books

Question Posted: Apr 17, 2024 08:01 AM

See More Questions

The Production Possibilities Frontier shows a combination of Capital and Consumption goods. If the combination shows that production of Capital Goods is bigger than that of Consumption Goods: What...
Imagine that CDs go on sale for one-fourth their usual price. People can record CDs on their MP3 players. Identify the demand curve for online songs that is most likely to result during the CD sale....
Suppose we can divide all the goods produced by an economy into two types: consumption goods and capital goods. Capital goods, such as machinery, equipment, and computers, are goods used to produce...
Selected answer is incorrect During substantive procedures, performing analytical procedures satisfies which primary audit objective: Cutoff Accuracy Existence Completeness 2 answers
On January 1, year 1, Dave received 1,000 shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $7 per share. Dave's restricted shares will vest at the end...
What is the difference between automation and autonomy?
Tazo makes a blend of exotic green teas, spearmint, and rare herbs into a tea called Zen. Using Maslows hierarchy of needs, explain which need(s) is (are) being fulfilled by this tea.
The stock in Ivory Corporation is owned by Gold Corporation (80%) and Imelda (20%). Gold Corporation purchased its shares in Ivory nine years ago at a cost of $650,000, and Imelda purchased her...
Copy of RI, Inc. had the following activity for an inventory item during June: Unit Units Cost 50 $10 10 16 30 14 Beginning inventory Purchase (June 5) Purchase (June 15) Sale (June 20) Sale (June...
A point located inside the PPF is: a. efficient and attainable b. efficient but not attainable c. not efficient but attainable d. neither efficient nor attainable
Labor-intensive agricultural production practices are most likely to occur in: a. Florida b. Kansas c. Texas d. Sub-Saharan Africa
Do electronic cigarettes assist in helping individuals quit smoking? Researchers found 300 current smokers to volunteer for a study in which each was randomly assigned to one of three treatment...
Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table. ( Click the icon to view the maintenance costs. ) Using the high - low method, what is the total...
PURPOSE: Understand Markov chains as a means to model/predict probabilistic processes in a simple case. a. Toss a coin 32 times and record the outcome (as a string of H and T). b. Compute the...
2. 1. The following are considered Financial Statements as per the Generally Accepted Accounting Principles (GAAP), except: a.) Profit & Loss Statement b.) Cash Flow Statement c.) Statement of...
In what ways do you feel prepared to use your communication skill after completing the assignment? If you don't feel prepared, share why.
Budgeted Activity Activity Cost Activity Base Casting $238,560 Machine hours Assembly 158,620 Direct labor hours Inspecting 24,090 Number of inspections Setup 52,540 Number of setups 43,200 Number of...
The J&B Card Shop sells calendars featuring a different Colonial picture for each month. The once-a-year order for each years calendar arrives in September. From past experience the September-to-July...
In order to get an idea on current buying trends, a real estate agent collects data on 10 recent house sales in the area. Specifically, she notes the number of bedrooms in each house as follows: a....
A company sells two products. Assuming the same sales mix as shown below, how many units of Product A must be sold to breakeven? Product A Product B Total Units 100,000 150,000 250,000 Sales $300,000...
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2015 2016 Liabilities and Shareholders' Equity 2015...
When the investor pays $100,000 to acquire 40% of a company's outstanding voting shares at a time when the fair value of the company's net assets are $175,000, the resulting goodwill amount is...

The production possibilities frontier shows: a. all combinations of two inputs that can produce a constant level

Question:

Step by Step Answer:

The production possibilities frontier PPF shows all combinations of two outputs that can be produced ...View the full answer

Principles Of Agricultural Economics

Students also viewed these Business questions