Question

If the production possibilities curve was a straight line, this would imply that
A) Economic resources are perfectly substitutable, in the production of the two products
B) Equal quantities of both products are produced at each possible point on the curve
C) The two products will sell at the same market price
D) The two products are equally important to consumers

Answer 1

a is the ans .
A straight line PPC means that for every unit of good y relinquished, an additional unit of good x can be produced. The ratio is 1:1 in this "trade-off", and this implies that the factors (resources) used in production of y is perfectly substituted for the production of x. This is known as production under constant costs.

Answer 2

Hey mate....


If the production possibilities curve was a straight line, this would imply that
A) Economic resources are perfectly substitutable, in the production of the two products
B) Equal quantities of both products are produced at each possible point on the curve
C) The two products will sell at the same market price
D) The two products are equally important to consumers

Option A.

Hope it helps