Question
The following are correct statements connected to the Production Possibility Frontier (PPF) model, EXCEPT: A) The PPF reflects the maximum combinations of output given inputs.
The following are correct statements connected to the Production Possibility Frontier (PPF) model, EXCEPT:
A) The PPF reflects the maximum combinations of output given inputs. |
| B) Every point on the PPF is optimal. |
| C)Every point on the PPF is efficient. |
| D)A linear PPF implies constant opportunity cost in production. |
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
