Question

how many and how much to produce in economics

Answer 1

Answer:

In other words, 'For whom to produce' means who. should get how much of the total amount of goods and services. Thus, the third.

Answer 2

In nutshell, an economy has to allocate its resources and choose from different potential bundles of goods (What to produce), select from different techniques of production (How to produce), and decide in the end, who will consume the goods (For whom to produce).