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09.07.2022 - 02:37

Under what conditions is it possible to increase production of one good without decreasing production of another good?

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Under what conditions is it possible to increase production of one good without decreasing production of another good?

Answers (1)

Kathleen April 6, 2023 в 21:32

It is possible to increase production of one good without decreasing production of another good if the production of the two goods are independent of each other or if there is an opportunity to increase efficiency in the production process. For example, if a company produces both cars and bicycles, they can increase production of cars without decreasing production of bicycles by investing in separate production lines and resources for cars, or by finding ways to increase efficiency in the production process for both goods. Additionally, if the production of one good requires a resource that is not used in the production of the other good, then increasing production of one would not affect the production of the other.

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