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The best answer isÂ
A point on the PPC indicates maximum utilization of available resources.
The PPC is a representation of the maximum outputs, usually as a tradeoff between two goods, given maximum utilization of available resources. Naturally, producing one good leaves less resources and other inputs available for another good.Â
A point on the PPC indicates maximum utilization of available resources.
The PPC is a representation of the maximum outputs, usually as a tradeoff between two goods, given maximum utilization of available resources. Naturally, producing one good leaves less resources and other inputs available for another good.Â
Which statement is true?
A point on the PPC (production possibilities curve) indicates maximum utilization of available resources.