Which of the following problems arises where there are more than one technically possible methods of production
Answer Details
The problem that arises where there are more than one technically possible methods of production is "how to produce". This is because the decision on how to produce is concerned with the selection of the most efficient and cost-effective method of producing a good or service. When there are multiple technically feasible methods of production, the producer has to decide which method to choose in order to minimize production costs and maximize profits. This problem is important in the field of economics because it determines the efficiency and profitability of a production process.