Question

What does a production possibilities curve represent?

A. a combination of price and demand of goods and services
B. a combination of the goods produced before and after a change in a factor of production
C. a combination of two factors of production used to produce a single good or service
D. a combination of two goods that can be produced using limited resources

Answer 1

Post Test: Free Market and Businesses

Economics

Unit: 2

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What does a production possibilities curve represent?

1. The Answer 100% is:

• D. A combination of two goods that can be produced using limited resources

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Explanation:

I took the Plato edmentum - Post Test: Free Market and Businesses

in Economics

Here's a picture so you know this answer is correct

Answer 2

The correct answer is D. a combination of two goods that can be produced using limited resources.

Step-by-step explanation:

The production possibilities curve, also known as PPC, represents the maximum units a company can produce if it produces only two products using its resources efficiently. This representations are used by companies to decide the number of units it can produce in order to maximize profits and reduce the cots of production.