Question

assumption of production​

Answer 1

Explanation:

The four key assumptions underlying production possibilities analysis are: (1) resources are used to produce one or both of only two goods, (2) the quantities of the resources do not change, (3) technology and production techniques do not change, and (4) resources are used in a technically efficient way.

Answer 2

Answer:

The four key assumptions underlying production possibilities analysis are:

(1) resources are used to produce one or both of only two goods,

(2) the quantities of the resources do not change,

(3) technology and production techniques do not change, and

(4) resources are used in a technically efficient way.

Explanation:

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