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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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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
