The most desirable attainable mix of output for society:
A) Consists of the entire production possibilities curve.
B) Consists of a point on the production possibilities curve.
C) Consists of a point outside the production possibilities curve.
D) Occurs at the origin of the x- and y-axes on which the production possibilities curve is grapheD.

Question

Quizplus · Accepted Answer

The most desirable attainable mix of output for society is the point on the production possibilities curve where resources are allocated efficiently and effectively, producing the greatest possible output with the limited resources available. This means that society is maximizing output while not wasting any resources. Therefore, the most desirable point is a point on the production possibilities curve.

The Most Desirable Attainable Mix of Output for Society