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A production possibilities curve shows the various combinations of two outputs that: a....

Question:

A production possibilities curve shows the various combinations of two outputs that:

a. consumers would like to consume.

b. producers would like to produce.

c. an economy can produce.

d. an economy should produce.

Production:

In the production process and economics, production refers to the addition of values to inputs so that they will transform into a final product that is suitable for consumption by consumers.

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Production Possibilities Curve: Definition & Examples

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Chapter 11 / Lesson 28
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Understand what the production possibilities curve is, and learn how to construct and interpret a production possibilities curve along with the example.


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