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In a production possibilities curve, what does point A represent?
  • a)
    Maximum production of both goods.
  • b)
    Efficient allocation of resources.
  • c)
    Under-utilization of resources.
  • d)
    Minimum production of both goods.
Correct answer is option 'A'. Can you explain this answer?
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In a production possibilities curve, what does point A represent?a)Max...
Point A on the production possibilities curve represents the maximum production of both goods when all available resources are fully utilized.
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In a production possibilities curve, what does point A represent?a)Maximum production of both goods.b)Efficient allocation of resources.c)Under-utilization of resources.d)Minimum production of both goods.Correct answer is option 'A'. Can you explain this answer?
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