All points along a production possibilities curve depict the
A) maximum satisfaction that households receive from their purchases of goods
B) minimum satisfaction that households receive from their purchases of goods
C) maximum output that society can produce with given resources and technology
D) minimum output that society can produce with given resources and technology

Question

Quizplus · Accepted Answer

The production possibilities curve represents the maximum output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized, given the current state of technology.

All Points Along a Production Possibilities Curve Depict the