Points on lower community indifference curves are possible,but would not maximize_____________.
A)the cost of production
B)the nation's welfare
C)the nation's exports
D)the nation's MRS

Question

Quizplus · Accepted Answer

Lower community indifference curves represent lower levels of satisfaction and welfare for the nation. Therefore, choosing a point on a lower indifference curve would not maximize the nation's welfare.

Points on Lower Community Indifference Curves Are Possible,but Would Not