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Nataly_w [17]
3 years ago
7

Businesses create production possibilities charts in order to visualize:

Social Studies
1 answer:
ivolga24 [154]3 years ago
7 0

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.

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