Economy, asked by gaganjyot, 3 months ago

Q5. Explain the central problem of what to produce

Answers

Answered by guptaneelam2708

Answer:

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Answered by gangadharkdli

Answer:

This problem is concerned with the efficient use of resources which implies more production with low cost. Thus, one needs to decide the efficient technique of production which uses the least amount of scarce resources to provide the same amount of output.

Explanation:

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