Q: Which one of the following statements about production possibility frontier is not correct?
(a)The production possibility frontier slopes downwards to the right as the resources are limited.
(b)The different combinations of various goods and services given the available resources and technology are denoted by the production possibility frontier.
(c)Any point on or inside the production possibility frontier is attainable under the existing technology and resources.
(d)On the production possibility frontier, the output of one commodity can be increased without changing the output of another commodity.
Correct Answer: (d)