A firm that can determine the price-output combination in order to maximize profit is known as a

Most of the world's water is used for

a. Agricultural purposes b. Manufacturing c. Cooling power plants d. Municipal supplies e. Factories

Production possibilities frontiers curve when they are charted on a graph because they show:

a) the underutilization of resources b) the maximum output of goods and services c) the increasing costs resulting in increasingly less output d) the technological level of the economy's productivity