The Optimal Mix of Output Is Always the Same as the

question 77

Multiple Choice

The optimal mix of output is always the same as the

• A)Output that consumers demand.
• B)Most desired combination on a production possibilities curve.
• C)Output that the government provides.
• D)Output that producers produce.

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Definitions:

Fixed Costs

Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.