जॉइन Examsbookउत्तर : 3. "The two products will sell at the same market price"
If the production possibilities curve was a straight line, this would imply that5
प्र: If the production possibilities curve was a straight line, this would imply that
- 1Economic resources are perfectly substitutable, in the production of the two productsfalse
- 2Equal quantities of both products are produced at each possible point on the curvefalse
- 3The two products will sell at the same market pricetrue
- 4The two products are equally important to consumersfalse
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उत्तर : 3. "The two products will sell at the same market price"
व्याख्या :
Answer: C) The two products will sell at the same market price Explanation: A production–possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.