9. In the preceding figure, which graph depicts expansion of resources that can be used in both "X" and "Y" quantitatively and qualitatively? 12. If PPF, in the above figure is the relevant production possibilities frontier, then which point(s) represent productive efficiency? Explain your answer. 10. In the preceding figure, which graph depicts an improvement in the availability of skilled manpower and technology in the production of "Y"?
9. In the preceding figure, which graph depicts expansion of resources that can be used in both "X" and "Y" quantitatively and qualitatively? 12. If PPF, in the above figure is the relevant production possibilities frontier, then which point(s) represent productive efficiency? Explain your answer. 10. In the preceding figure, which graph depicts an improvement in the availability of skilled manpower and technology in the production of "Y"?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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hello, can you please help me answering questions 10 and 12 in the image?
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A production possibility frontier (PPF) a curve which shows various combinations of the amounts of two goods which can be produced within the given resources and technology.
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