Question

Businesses create production possibilities charts in order to visualize:

Answer 1

Answer:

C. options for producing multiple products in different quantities

Explanation:

A production possibilities chart is a diagram that shows all the different product combinations that can be achieved with a given amount of resources. In its most basic form, the production possibilities frontier shows two goods, one in the x axis, and another in the y axis, with the slope being the opportunity cost (or marginal rate of substitution) of a particular production point.

Businesses use production possibilities charts to see the different combinations of goods that they can produce with the amount of resources that they have at their disposal.