Examlex
Which of the following would not shift the production possibilities frontier?
Average Product
The output per unit of a particular input, such as labor or capital.
Optimal Production Technique
A method that contributes to the most efficient process of producing goods and services given the available resources and technology.
Price of Capital
The cost of using capital assets, including the interest or finance charges paid on borrowed funds or the opportunity cost of using owned capital.
Price of Labor
The wage rate or the cost of hiring workers in the labor market.
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