Using a production possibilities curve, a technological advance that increases the amount of output for the same amount of inputs would be illustrated as.

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25-10-2022
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Using a production possibilities curve, a technological advance that increases the amount of output for the same amount of inputs would be illustrated as.

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A technological advancement that increases the quantity of output for the same number of inputs would be represented as an outward shift of the curve using a production possibilities curve.

The production possibility curve, what is it?

The graph known as the production possibilities curve (PPC) illustrates all the possible output combinations that can be created using the available resources and technology. The PPC, sometimes referred to as the production possibilities frontier (PPF), depicts scarcity and tradeoffs.

What is illustrated by the production possibility curve?

The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the manufacturing of two goods

The PPC can be used to illustrate the ideas of scarcity, probability cost, efficiency, inefficiency, monetary growth, and contractions.

Learn more about the production possibilities curve here: https://brainly.com/question/13143234

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