Any output combination outside a production possibility frontier is associated with unused or under-utilised resources.

Name: Any output combination outside a production possibility frontier is associated with unused or under-utilised resources.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Any output combination outside a production possibility frontier represents a level of production that is unattainable with the current resources and technology, not underutilization of resources.

Any Output Combination Outside a Production Possibility Frontier Is Associated