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Which of the following tools helps a producer set up an efficient system of production?

  • Question 3a of 10 - PPF

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following tools helps a producer set up an efficient system of production?
  • Answers:
  1. A production possibilities frontier graph.
  2. A market research department.
  3. An electric-powered assembly line.
  4. A determination of opportunity costs.

The correct answer is: A production possibilities frontier graph. A production possibilities frontier graph shows the maximum amounts of two or more goods a person or group of people can produce given the inputs available.

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