Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Any combination on the production possibilities frontier that provides the highest level of satisfaction to the people in the economy would be a combination of apparel and cell phones that would meet the allocative efficiency.
The Production Possibilities Frontier shows the maximum amounts of two commodities that can be created while using finite resources to create identical items. Allocative efficiency, then, is any location along this frontier that, taking into account people's needs and desires, provides them with the greatest level of enjoyment. For instance, people should choose any of the points from B to E if they prefer clothing to cell phones.
Learn more about Production possibilities:
https://brainly.com/question/20484690
#SPJ4
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.