Which of the following statements best describe the given production possibilities curve?
A) Consumers prefer butter to guns.
B) Consumers prefer guns to butter.
C) Consumers like guns as much as they like butter.
D) Becky prefers to produce butter rather than guns.
E) Becky is able to produce guns and/or butter.

Question

Quizplus · Accepted Answer

The production possibilities curve illustrates the maximum possible output combinations of two goods that can be produced with available resources and technology, indicating that Becky can produce guns and/or butter.

Which of the Following Statements Best Describe the Given Production