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