Multiple Choice 1 point This is a type of graph that helps businesses see efficiency In what they produce and shows alternative ways to use their scarce productive resources. Marginal Curve Production Possibilities Curve Supply Curve Demand Curve

Question

Multiple Choice 1 point This is a type of graph that helps businesses see efficiency In what they produce and shows alternative ways to use their scarce productive resources. Marginal Curve Production Possibilities Curve Supply Curve Demand Curve

Answer 1

## Step 1The question is asking us to identify a type of graph that helps businesses see efficiency in what they produce and shows alternative ways to use their scarce productive resources. ## Step 2The Production Possibilities Curve (PPC) is a graph that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized. It illustrates the trade-offs in production volume between two choices. ## Step 3The PPC is used to show the alternative ways to use scarce productive resources. It helps businesses understand the efficiency of their production and the potential trade-offs they might face when allocating resources between different goods or services.

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Multiple Choice 1 point This is a type of graph that helps businesses see efficiency In what they produce and shows alternative ways to use their scarce productive resources. Marginal Curve Production Possibilities Curve Supply Curve Demand Curve

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