production possibilities curve based question
Given is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): Illustrates these data graphically. Upon what particular assumptions is this production possibilities curve based?
Given is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts):
Illustrates these data graphically. Upon what particular assumptions is this production possibilities curve based?
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Observe curve EDCBA. The supposition is full employment, fixed supplies of resources, fixed technology and two goods.
Year of Appropriation (YOA): It refers to the initial year of an appropriation.
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