What is the production possibilities frontier?

a.a graph that shows the various combinations of resources that can be used to produce a given level of output

b.a graph that shows the various combinations of output the economy can possibly produce given the available resources and technology

c.a map that shows the frontier beyond which technological innovation is unprofitable

d.a map that shows areas of the world in which capitalist production is highest

Refer to the table. What is the opportunity cost of one sled for Winter?

a.3/4 beach ball

b.1 beach ball

c.4/3 beach balls

d.3 beach balls

Labour hours needed to make 1 unit: Amount produced in 24 hours: 6 2 4 12 Summer Winter 3 4 8 6 \f