Management Notes

Management Notes

Reference Notes for Management

In autarky when a community maximizes its standard of living its production and consumption point is:

In autarky, when a community maximizes its standard of living, its production and consumption point is:

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In autarky, when a community maximizes its standard of living, its production and consumption point is:

In autarky, when a community maximizes its standard of living, its production and consumption point is:

 Options:

a. below the production possibility frontier.
b. on the production possibility frontier.
c. above the production possibility frontier.
d. can’t tell without more information.

The Correct Answer Is:

b. on the production possibility frontier.

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