The production possibilities curve shows thea various, Ask an Expert

Economics

The production possibilities curve shows the:

A. various combinations of two goods that can be produced when society employs all its scarce resources.

B. minimum outputs of two goods that will sustain a society.

C. various combinations of two goods that can be produced when some resources are unemployed.

D. ideal, but unattainable, combinations of two goods that would maximize consumer satisfactions.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705615

Have any Question?Write your Review or question?

Related Questions in Business Economics

How would a prisons dilemma example show that rational

How would a Prison's Dilemma example show that rational self-interested play does not always result in the best solution for all parties.

In a survey ofnbsp3153nbspadultsnbsp1407nbspsay they have

In a survey of 3153 adults, 1407 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results. A? 99% confidence interval for the p ...

A researcher conducted a one-samplenbspz-test with alpha

A researcher conducted a one-sample z -test with alpha set to 0.05, and calculated a test statistic of 1.99. The null hypothesis was H 0 : μ = 500 and the critical values were +1.96 and -1.96. Which is the most appropr ...

1 dominos pizza is willing is willing to pay kes 250 in

1. Domino's pizza is willing is willing to pay Kes 250 in airtime to each person interviewed about his or likes and dislikes of types of pizza crust. Of the people interviewed, 220 liked a thin crust, 270 like a thick cr ...

The weight of a box of cereal is known to be normally

The weight of a box of cereal is known to be normally distributed with a mean of 16 ounces and variance equal to 2 ounces. What is the probability that the weight of a randomly selected box of this cereal is equal to 15. ...

Do you believe corporation pose as a risk to our national

Do you believe corporation pose as a risk to our national economy and to domestic employees based upon external shocks to our economy as well as government regulations and Obamacare?

Suppose that serendipity bank has excess reserves of 12000

Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

Consider the binomial distribution where n 11 and p 005

Consider the binomial distribution where n = 11 and p = 0.05. Find the mean and standard deviation of this binomial distribution. The customers at a local appliance store are polled as they leave the store. Each is asked ...

The demand for salt is relatively price inelastic while the

The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.

Suppose that a certain precinct contains 350 voters of

Suppose that a certain precinct contains 350 voters, of which 250 are Democrats and 100 are republicans. If 30 voters are chosen at random from the precinct, what is the probability that exactly 18 democrats will be sele ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert