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Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
It depends on available resources and technology
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Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
technology -grad point
It depends on available resources and technology
It depends on available resources and technology
your fak lol .l.
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additional resources or new technology become available
must be producing along the production possibilities curve.
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