--%>

Graphical Production Possibilities Frontier device

Can someone please help me in determining the right answer from the following question. The production possibilities frontier is a graphical device exhibiting the: (i) Alternative allocation methods accessible to society. (ii) Combinations of goods which an economy could generate. (iii) Feasible trade-offs among unemployment and inflation. (iv) Method that production possibilities differ with various inputs.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Estimating national income by

    Describe precautions to be taken in estimating national income by expenditure technique? Answer: The following precautions are to be taken while evaluating N.I. by

  • Q : Value of commodities and services The

    The value of services and commodities is frequently decomposed into value in: (1) Dollars and value in Euros. (2) Absolute value and prices in relative prices. (3) House-holds and value in organizations. (4) Utilization and value in exchange.

  • Q : Example of drop in demand Decreased

    Decreased airline bookings subsequent to some major airline crashes would point out a: (i) Reduction in the amount of airline travel demanded. (ii) Drop in the demand for air travel. (iii) Phobia among air travelers which is irrational. (iv) Horizontal demand curve fo

  • Q : Most perfectly price inelasticity in

    In illustrated graph below, supply is mostly perfectly price inelastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d.

    Q : Lower costs of large oligopolists This

    This is possible that consumers could pay a lower price within an oligopoly market than a competitive market since large oligopolists: (w) can price below cost. (x) often give quantity discounts to loyal customers. (y

  • Q : Constant cost industry in competitive

    When brick-making is a constant cost industry, during the long run this firm is probable to experience: (i) a severe shrinking of economic profit to zero. (ii) a decline in the price of bricks to approximately eight cents apiece. (iii) increased compe

  • Q : Greater economics loss than fixed costs

    Within the short run, there a monopolistically competitive firm will NOT operate at: (w) an economic loss that is less than fixed costs. (x) an economic loss that is greater than fixed costs. (y) making a normal profit. (z) making economic profits.

  • Q : Economic Capital verses Financial

    Your construction company currently bought a bulldozer on credit. By the perspective of your lender, and your firm’s IOU for this bulldozer is an illustration of: (1) a liability. (2) economic capital. (3) total variable cost. (4) capitalization. (5) financial c

  • Q : Cost functions I can't able to discover

    I can't able to discover the solution of this question .Help me to get answer of this question so that I can complete my assignment. Why is the factor input demand functions utilized to construct cost functions?

  • Q : In value planning what matter in

    In the value of planning what still matters in strategic management lies?