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    Question

    The economic problem concerned with choosing between

    different combinations of outputs that can be produced using the same resources is called a:
    A Factor-factor problem Correct Answer Incorrect Answer
    B Cost–product problem Correct Answer Incorrect Answer
    C Factor–product problem Correct Answer Incorrect Answer
    D Product–product problem Correct Answer Incorrect Answer
    E Budget allocation problem Correct Answer Incorrect Answer

    Solution

    The product–product relationship deals with how a farmer allocates fixed inputs among alternative crops to achieve the best combination and maximize income.

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