-Refer to Exhibit 2-5.Given available resources and technology,this economy can produce 50,000 television sets and 50,000 fax machines only if it chooses to
A) have an equal distribution of goods.
B) operate at both points C and D,simultaneously.
C) produce at point C.
D) produce at point D.
E) none of the above

Question

-Refer to Exhibit 2-5.Given available resources and technology,this economy can produce 50,000 television sets and 50,000 fax machines only if it chooses to
A) have an equal distribution of goods. 
B) operate at both points C and D,simultaneously. 
C) produce at point C. 
D) ​produce at point D. 
E) ​none of the above

Quizplus · Accepted Answer

The economy cannot operate at both points C and D simultaneously due to limited resources and technology. It must choose one point to produce efficiently.