On a production possibilities curve, the single optimal or best combination of output for any society:
A) Is at a point near the top of the curve
B) Is at the precise midpoint of the curve
C) Is at a point near the bottom of the curve
D) Depends upon the preferences of society

Question

Quizplus · Accepted Answer

The optimal combination of output on a production possibilities curve depends on the preferences and priorities of the society, such as the balance between different goods and services.

On a Production Possibilities Curve, the Single Optimal or Best