"We must remain at our current production combination if we want to be able to produce more consumption goods in the future."
the one which could depict the future production combination Senator Long would be where?
5 answers
In order to assess the future production combination that Senator Long would choose, we would need more context or specific information about his views, preferences, and economic policies. As it stands, the given statement simply emphasizes the need to maintain the current production combination to enable increased production of consumption goods in the future. Thus, without more information, it is not possible to accurately depict Senator Long's specific future production combination.
piont C is in the LLC and D is ouside of the LLC. Point A and B are on the LLC.
Based on the information provided, it can be inferred that the production combination Senator Long would prefer for the future lies within the limits of the production possibilities curve or the LLC (Limited Liability Constraint). This means that points A and B, which are on the LLC, would represent potential production combinations that Senator Long would consider for the future.
Additionally, point C, which is inside the LLC, would also be a feasible production combination that Senator Long would be inclined to choose.
On the other hand, point D, which is mentioned as being outside of the LLC, would not be a production combination that Senator Long would consider for the future.
Additionally, point C, which is inside the LLC, would also be a feasible production combination that Senator Long would be inclined to choose.
On the other hand, point D, which is mentioned as being outside of the LLC, would not be a production combination that Senator Long would consider for the future.
Wrong answer because point D outside mean the fulture growth of the economic LLC.
Apologies for the confusion. If point D is located outside of the production possibilities curve or the LLC, it would imply that it represents a combination of goods that exceeds the current production capacity. In this case, Senator Long may see point D as a future production combination that allows for potential growth in the economy and increased production of consumption goods.
Therefore, based on the given information, point D outside the LLC would likely represent the future production combination Senator Long would choose to achieve greater production of consumption goods.
Therefore, based on the given information, point D outside the LLC would likely represent the future production combination Senator Long would choose to achieve greater production of consumption goods.
1 answer