Firms that make multiple products can produce the same number of each product with a given level of resource inputs and equal amounts of time.

Question

Quizplus · Accepted Answer

This statement is not necessarily true as different products may require different levels of resource inputs and production times. Therefore, a firm that makes multiple products may not be able to produce the same number of each product with the same resources and time.

Firms That Make Multiple Products Can Produce the Same Number