Homework Soursea Attainable production combination with unemployed resource
a. Attainable production combination with unemployed resources.
b. tradeoff
c. Production combination that can be attained once resources are fully employed
d. Unattainable production combination
e. More information is needed to determine which of the above answers is correct
Video tape (millions per year) Fast food meals (millions per year) Point D in the above PPC figure is a(n) Solution
d. Unattainable production combination
Production possibility curve shows different combination of two goods which can be produced with the given resources on the assumptions that (i) resources are fully and efficiently utilized, and (ii) technique of production remains constant.
In the above PPC, D is the unattainable combination of output because it lies beyond the PPC. More resources are required to produce bundle D.
