Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Why are production possibilities curves helpful for businesses?


Sagot :

Answer:

This curve shows all of the maximum output possibilities, given the factors of production and available technology - both of which are limited. By using the production possibilities curve, companies, non-profits, and governments can look at a range of how to produce goods and services efficiently.