What is a graphical representation of the combination of goods and services that can be produced in a situation?
production possibility curve
production supply curve
production opportunity curve

Question

06-02-2021
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What is a graphical representation of the combination of goods and services that can be produced in a situation?
production possibility curve
production supply curve
production opportunity curve

Sagot :

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vilnius vilnius · Answer 1 · 2021-02-10T22:38:41-05:00

Answer:

production possibility curve

Explanation:

The production possibility curve is the graphical representation of the possibilities of the products that can be produced out of the given resources and facilities. The products produced are depended on the given resources. It also helps in measuring the amount of production of goods when the resource is fixed. The curve helps in giving a view of the production that can be produced with the shift in one good.

Sagot :

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