The production possibilities frontier is the

A) maximum output that can be produced at an opportunity cost of zero.
B) minimum output that can be produced when resources are used inefficiently.
C) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology.
D) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced when technology is changing.
E) maximum opportunity cost combinations of goods and services.

C

Economics

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Which of the following represents a potential solution to the problem of environmental pollution?

a. corrective taxes b. well established property rights c. government regulation d. All of the above are correct.

Economics

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow.  Figure 8.5 Refer to Figure 8.5. The total fixed costs for Blackstar Drones are

A. $0. B. $50. C. $150. D. indeterminate from this information.

Economics