The best output or the optimal production of the nation is
A) a combination of products at the midpoint of the production possibilities curve.
B) a combination of products at either of the two endpoints of the production possibilities curve.
C) determined by equalizing the marginal benefits and marginal costs of each product.
D) the production combination where the opportunity costs are minimized.

Question

Quizplus · Accepted Answer

The optimal production is achieved when the marginal benefits equal the marginal costs, ensuring resources are allocated efficiently to maximize total benefit.

The Best Output or the Optimal Production of the Nation