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What does each point on a production possibilities curve represent?
Efficiency in production
The maximum potential output for a combination of two final goods and services
An attainable combination of goods that can be produced given unlimited resources
Inefficiency in production



Answer :

GinnyAnswer

Final answer:

Points on the production possibilities curve represent efficiency in production and the maximum potential output for a combination of goods and services.


Explanation:

Points on the production possibilities curve represent efficiency in production and the maximum potential output for a combination of two final goods and services. The curve shows how an economy can produce efficiently given its resources. If factors are idle or inefficiently allocated, the economy operates inside the curve, indicating inefficiency.


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