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Which of the following best states the purpose of using a production possibilities frontier?

  • Question 3b of 10 - PPF

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following best states the purpose of using a production possibilities frontier?
  • Answers:
  1. Pursuing the profit motive
  2. Maximizing revenue
  3. Balancing economic goals
  4. Setting up efficient production

The correct answer is: Setting up efficient production. A production possibilities frontier graph shows the maximum amounts of two or more goods a person or group of people can produce given the inputs available.

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