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Karo-lina-s [1.5K]
3 years ago
12

When society produces the combination of goods and services on the ppf that it values the most highly, society has?

Business
1 answer:
Brums [2.3K]3 years ago
3 0
When society produces the combination of goods and services on the PPF that it values the most highly, society has Allocative efficiency. PPF is defined as the public provident fund, and Allocative efficiency<span> is the point in which the preference of the product consumption is balanced in production levels in an economy. This is specifically related to the benefit of a product or service being equivocal to the cost of making it, directly reflective of consumer preferences. 
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B. legal

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a. Simulation can be used to analyze large and complex real-world situations that cannot be solved by using conventional quantit
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