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If you were modeling the impact of the introduction of computer automation into manufacturing on a production possibilities frontier (PPF) with two manufactured goods on their respective axes, it would be more likely that the result would be ________.

Respuesta :

If you were modeling the impact of the introduction of computer automation into manufacturing on a production possibilities frontier (PPF) with two manufactured goods on their respective axes, it would be more likely that the result would be "generalized growth with the production possibilities frontier (PPF) moving both up and down".

What is production possibilities frontier (PPF)?

  • The production possibility frontier (PPF) is a curve used in business analysis to show the potential output of two items that use the same limited resource in their production.
  • PPF also plays a crucial role in economics as it is used to demonstrate the point that any nation's economy reaches its greatest level of efficiency when it produces only what it is best qualified to produce and trades with other nations for the rest of what it needs.
  • The PPF, in macroeconomics, is a set of locations where a nation's economy is most effectively allocating its resources to create the greatest number of commodities. The country can only produce more of one good if it also produces less of another good if production is on the PPF.
  • Resources are not being utilized to their full potential if the economy is producing less than the amounts predicted by the PPF. In this situation, it is possible to produce more of some products without reducing output in other sectors.

Know more about production possibilities frontier (PPF) https://brainly.com/question/17581360

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