Points on the utility possibility frontier are

Related MCQs

• Several combination of commodities x and y that the economy can produce by fully utilizing all of the fixed amounts of labour and capital with the best technology available is depicted by I. production possibility frontier II. transformation curve III. production possibility curve
• Points outside the production possibility frontier are
• Taking into account the utility of all persons in society is referred to as
• Points where the slopes of the isoquants are equal