Question

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

Answer 1

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.

What is an optimal point?

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.

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