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Exit The red dot on the graph below represents production numbers of an imaginary firm on a production possibility graph. What does the location of the dot in relation to the line of maximum possible output shows that the firm is A. operating efficiently. B. operating inefficiently. C. achieving maximum output. D. operating according to schedule.
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Asked 5/3/2017 7:14:15 AM
Updated 3/3/2020 12:53:47 PM
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User: Exit The red dot on the graph below represents production numbers of an imaginary firm on a production possibility graph. What does the location of the dot in relation to the line of maximum possible output shows that the firm is A. operating efficiently. B. operating inefficiently. C. achieving maximum output. D. operating according to schedule.

Weegy: Please provide the graph you are referring so we can accurately answer your question.
Expert answered|Score .5968|jeifunk|Points 85041|

User: The line of maximum possible output on a production possibility graph is also called A. the goal. B. the most efficient outcome. C. the desirable quarter result . D. the production possibility frontier.

Weegy: The line of maximum possible output on a production possibility graph is also called D. the production possibility frontier.
Score 1

User: Which of the following is NOT one of the three basic economic questions? A. what to produce B. how to produce it C. where to produce it D. who will consume what is produced

Question
Asked 5/3/2017 7:14:15 AM
Updated 3/3/2020 12:53:47 PM
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Where to produce it is NOT one of the three basic economic questions.
Added 3/3/2020 12:53:47 PM
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Questions asked by the same visitor
Exit Because of scarcity, participating in the economy requires all of the following EXCEPT A. decision making. B. unlimited production. C. exchanges. D. trade-offs.
Weegy: B. unlimited production User: Which option best completes the following sentence? In economics, _____________ is the domestic and international exchange of goods and services. A. dealing B. cost C. diplomacy D. trade Weegy: D. trade User: Which area of economics studies the behavior of economics on a smaller scale, such as why individuals and businesses make certain choices? A. macroeconomics B. regional economics C. microeconomics D. national economics Weegy: A. macroeconomics studies the behavior of economics on a large scale, such as how different markets affect each other. User: ______________ is a set of official government statistics on aggregate economic activity in production, income, investment and savings. A. GDP B. GNP C. Market value D. National income accounting (More)
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Updated 6/20/2019 6:33:03 AM
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GDP is a set of official government statistics on aggregate economic activity in production, income, investment and savings.
Added 6/20/2019 6:33:03 AM
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