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  • Economically Feasible Set

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    Siraj Ahmad
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    The economically feasible set is the area between Angela's reservation indifference curve, which represents her minimum utility requirements, and the production possibilities frontier, which shows the maximum output combinations of goods. The technically feasible set is the area between Angela's biological survival constraint, representing her minimum needs to survive, and the production possibilities frontier.

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    Economically feasible set

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    The economically feasible set is the area between Angela's reservation indifference curve, which represents her minimum utility requirements, and the production possibilities frontier, which shows the maximum output combinations of goods. The technically feasible set is the area between Angela's biological survival constraint, representing her minimum needs to survive, and the production possibilities frontier.

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    8 views1 page

    Economically Feasible Set

    Uploaded by

    Siraj Ahmad
    The economically feasible set is the area between Angela's reservation indifference curve, which represents her minimum utility requirements, and the production possibilities frontier, which shows the maximum output combinations of goods. The technically feasible set is the area between Angela's biological survival constraint, representing her minimum needs to survive, and the production possibilities frontier.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    The economically feasible set is the area between Angela’s reservation indifference curve and

    the feasible frontier. The area between Angela’s biological survival constraint and the feasible
    frontier is the technically feasible set.

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