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Economics - Financial Markets 50 Online
OpenStudy (anonymous):

Sam produces 4 balloon rides and 5 boat rides an hour. Sam could not produce more balloon rights without producing fewer boat rides. Sam is:_______his production possibilities frontier. A. producing outside B. moving along C. producing on D. producing inside

OpenStudy (anonymous):

C. Producing on

OpenStudy (anonymous):

C.

OpenStudy (anonymous):

moving along (B)....The reason is Production Posibility frontier shows the total number of goods and services that can be produced ny an econmy with the given resources keeping technology constant. S thus here Sam has a total resource of 9 ....if he wants to inscrease production of one the other needs to be produced less, given technology is constant. So its moving along the PPF curve. |dw:1328346074137:dw|

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