https://www.khanacademy.org/.../v/production-possibilities-curve All choices along the curve shows production efficiency of both goods. Production possibility curve shows the different combinations of the production of two commodities that can be achieved in an economy given the resources and technology which are to be fully utilized. A point beneath the curve indicates inefficiency, and a point beyond the curve indicates impossibility. b. illustrates resources being used to their fullest potential. D) the law of decreasing relative cost. c. requires more resources than are presently available. Any point inside the production possibilities curve indicates:? The PPF simply shows the trade-offs in production volume between two choices. A. the presence of technological change. The slope of the production possibilities frontier represents the magnitude of this tradeoff. A) a lack of sufficient supply. d. represents an increase in resources. If a point falls inside the production possibility curve it means either the resources are under utilised or there is unemployment in the economy. B) inefficiency in production. 85. The following diagram (21.2) illustrates the production possibilities set out in the above table. The production possibilities curve is also called the PPF or the production possibilities frontier. B. that resources are imperfectly substitutable among alternative uses. C) the law of increasing relative cost. A production possibility frontier is used to illustrate the concepts of opportunity cost, trade-offs and also show the effects of economic growth. all points on the production possibilities curve: zCirurgia Realizada (Pós-OP) / all points on the production possibilities curve: 1 de janeiro de 2021 34) All points inside the production possibilities curve indicate. Since the production possibilities frontier represents all of the points where all resources are being used efficiently, it must be the case that this economy has to produce fewer guns if it wants to produce more butter, and vice versa. Production Possibilities. A point lying inside the production possibilities curve a. indicates that resources are not being fully or efficiently used. B) indicates unemployment. Production points inside the curve show an economy is not producing at its comparative advantage. 35) A production point that lies outside the Production Possibilities Curve (PPC) A) denotes inefficiency. In this diagram AF is the production possibility curve, also called or the production possibility frontier, which shows the various combinations of the two goods which … Points within the curve show when a country’s resources are not being fully utilised Production point that lies outside the production possibilities set out in the economy,... 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