The curve showing the possibilities of production of desired good is known as:

Related MCQs

• Production possibilities curve does not show:
• The curve showing the quantity of a good that would be purchased at various income levels:
• The MC curve cuts the AC curve at
• If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope:
• Which of the following Elasticities measure movement along a curve, rather than a shift in the curve:
• Engel curve for giffen good is
• A production possibility curve is concave to the point of origin because of
• Consumption of capital good in the process of production is called as
• Costs incurred only when production occurs are known as:
• As per indifference curve analysis consumer equilibrium is attained when