-In the figure above, the curve is known as the
A) substitution options frontier.
B) production function.
C) opportunity cost curve.
D) production possibilities frontier.

Question

-In the figure above, the curve is known as the
A) substitution options frontier. 
B) production function. 
C) opportunity cost curve. 
D) production possibilities frontier.

Quizplus · Accepted Answer

The curve represents the production possibilities frontier, which shows the maximum possible output combinations of two goods that can be produced with available resources and technology.

-In the Figure Above, the Curve Is Known as the