Get premium membership and access questions with answers, video lessons as well as revision papers.

State the assumptions necessary to represent production possibilities in a simple production possibilities curve model

      

State the assumptions necessary to represent production possibilities in a simple production possibilities curve model.

  

Answers


KevinNyabute
1.Efficiency
2.Fixed resources
3.Fixed technology
4. Products must be two
kevinnyabute answered the question on February 22, 2018 at 09:55


Next: State three components of economic efficiency
Previous: Define the term inefficiency as used in the simple productions possibility model

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions