Question on: JAMB Economics - 2018
From the diagram shown, the optional point of production is_____________?
A
R
B
T
C
S
D
U
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Correct Option: C
The optional point of production is the point where the firm can produce goods. In the diagram, point R lies on the production possibility curve (PPC). Points on the PPC are points where the firm is producing efficiently, using all available resources. Therefore, R is the optional point of production.
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