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The production possibility curve shows: A The maximum revenue that can be generated from the sale of output produced by limited resources in an economy.
The production possibility curve shows:
A The maximum revenue that can be generated from the sale of output produced by limited resources in an economy.
B The maximum combination of inputs that can be used to produce output in a typical economy.
C The maximum quantities of commodities that can be produced from limited but fully-employed resources in an economy.
D None of the above.
E The minimum quantities of commodities that can be produced from limited but fully-employed resources in an economy.
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