A Production Possibilities Frontier: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a simplifies the real world by assuming scarcity does not exist. b provides insight as to why some consumers prefer one of the outputs over the other output. c shows the maximum amount of two outputs that can be produced in a given time period, ceteris paribus. d illustrates the difference between the fallacy of false cause and the fallacy of division. Unanswered4 attempts left

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs