Question: True or false? Explain your answer. a. An increase in the amount of resources available to Tom for use in producing coconuts and fish does
True or false? Explain your answer.
a. An increase in the amount of resources available to Tom for use in producing coconuts and fish does not change his production possibility frontier.
b. A technological change that allows Tom to catch more fish relative to any amount of coconuts gathered results in a change in his production possibility frontier.
c. Points inside a production possibility frontier are efficient and points outside a PPF are inefficient.
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