The optimal point on a production possibilities curve is achieved where Multiple Choice large amounts of capital goods are produ

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The optimal point on a production possibilities curve is achieved where Multiple Choice large amounts of capital goods are produ

ced relative to consumer goods. each good is produced at a level where marginal benefits equal marginal costs. the smallest physical amounts of inputs are used to produce each good. large amounts of consumer goods are produced relative to capital goods.

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1 answer:

Yuki888 [10] · Answer 1 · 2023-09-15T17:38:08+03:00

Generally, on a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.

<h3>What is an optimal point?</h3>

On a graph, this refers to the best or most favorable point on a graph curve etc

Hence, on the a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.

Therefore, the Option B is correct.