Choose the statements that explain the purpose of using a production possibilities curve. es -
A)
It illustrates trade-offs made in an economy.
B)
It indicates the allocatively efficient point.
It indicates the productively efficient points.
D)
It illustrates the the profit-maximizing quantity and price.
E)
It illustrates the equilibrium quantity and price for an industry.
Fundamental Eco

The answer to the given question is explained and given below.

B. It indicates the allocatively efficient point.

The purpose of using a production possibilities curve is to analyse the production capacity and then the indication of allocation of efficient point.

To know a production capacity is important to understand the possible sales.

The correct answer to the given question is given and explained above.

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answer; /// the above statement is ( true);

answer; social penetration theory;