Draw a Picture of a Production Possibilities Curve

question 171

Essay

Draw a picture of a production possibilities curve. Identify each axis as measuring either guns or butter. Select and label Point A, which is beyond the economy's ability to produce; Point B, which represents an inefficient level of production; Point C, an efficient combination of output in which more guns are produced than units of butter; and Point D, an efficient production point in which more units of butter are produced than guns. Be sure to label each clearly.​

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Definitions:

Qualifying Leads

The process of assessing potential customers to determine if they have a genuine need or interest in the product or service, and the ability to purchase.

Corporate Headquarters

The main office or center of operations for a corporation, often where strategic decisions are made.

Preapproach Stage

The phase in the sales process where the salesperson gathers relevant information before making the initial contact with the prospective customer.

Qualify Leads

The process of assessing potential sales contacts to determine their likelihood of becoming profitable customers.