The shape of the production possibility frontier is deter...
The shape of the production possibility frontier is determined by the_________
Law of returns to scale
Law of diminishing returns
Factors of productions
Technology
Correct answer is B
Law of diminishing returns also known as law of variable proportion is used to determine. The shape of the PPF.
Part-time workers who desire full-time employment are: ...
The production of rice and yam on the same farmland is an example of ...
A major shortcoming of the sole proprietorship form of business is lack of ...
The main role of the Organization of Petroleum Exporting Countries (OPEC) is ...
Which of the following is an objective of economic integration? ...
A tax on land will ultimately fall ...
A commodity is said to have a derived demand when the commodity ...
Industry can be defined as ...
Which of the following factors is not a cause of diminishing returns? ...