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