The production possibilities frontier

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    illustrates the different combinations of two outputs that can be produced over time.
     illustrates the different combinations of two outputs that can be produced depending upon the price ratio of the two goods, holding technology constant.
     illustrates all efficient combinations of two outputs, given fixed quantities of labor and capital, holding technology constant.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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illustrates all efficient combinations of two outputs, given fixed quantities of labor and capital, holding technology constant.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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