The optimal mix of output is always the same as the

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Quizplus · Accepted Answer

The optimal mix of output is the most desired combination on a production possibilities curve, which represents the maximum output of two goods that can be produced with given resources and technology. This point represents the most efficient allocation of resources and satisfies consumer demand while minimizing opportunity costs. By producing at this point, the economy can achieve the best use of its resources and maximize its welfare. The other options may not necessarily lead to an optimal mix of output.

The Optimal Mix of Output Is Always the Same as the