Figure 1.1 - Production-possibilities curve
-Society is producing the maximum potential output,given its existing resources and technology.Select the appropriate point.(See Figure 1.1)

Question

Figure 1.1 - Production-possibilities curve 
-Society is producing the maximum potential output,given its existing resources and technology.Select the appropriate point.(See Figure 1.1)

Quizplus · Accepted Answer

Point B represents the maximum potential output on a production possibilities frontier, indicating efficient use of resources and technology.

Figure 1.1 - Production-Possibilities Curve