Respuesta :
Imagine that the production-possibilities frontier shifts upward, enabling more of the good on the y-axis to be produced with the same quantity of resources. an advancement in manufacturing technology for the product on the y-axis.
The concept of the production-possibilities frontier states that labor and capital are scarce production factors in a particular economy. Because there is a limit to how much of each good can be produced, it is necessary to carefully distribute the limited resources across the production of many different commodities.
Changes in the overall number of production elements that are accessible or technological improvements can cause the production-possibilities frontier to migrate outward or inward. At any point along the frontier, the economy is able to generate more goods if the overall number of production factors, such as labor or capital, grows.
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