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How do businesses use opportunity costs to decide
what to produce?

User Darryl
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1 Answer

5 votes

Answer:

The PPF illustrates that opportunity costs exist when deciding what quantity of goods and services to produce in order to maximize efficiency and production capacity.

Step-by-step explanation:

Companies use opportunity costs in production to make smart decisions by weighing the sacrifices of choosing one alternative over another.

User Ahmed Nasser
by
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