The selection of particular products' production processes
A)determines the output of other products made with those inputs at the same time.
B)is part of the distribution problem in an economy.
C)is accomplished without regard to profit in a laissez-faire economy.
D)depends upon plans for distribution of the products.

Question

Quizplus · Accepted Answer

The selection of production processes for one product can affect the output of other products made with the same inputs at the same time. For example, if a factory produces both bread and cake using the same baking equipment, the choice of production process for one product may limit the amount or quality of the other product produced at the same time.

The Selection of Particular Products' Production Processes