ency in the pro model Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities curve, along with six output combinations represented by black points (plus symbols) labelled A to F. 100 PPC 60 20 20 40 60 80 100 BARLEY (Millions of bushels) LAPTOPS (Milliors)

ECON MICRO
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ISBN:9781337000536
Author:William A. McEachern
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Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
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2. Efficiency in the production possibilities model
Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities curve,
along vith six output combinations represented by black points (plus symbols) labelled A to F.
100
a0
PPC
60
20
E
20
40
60
80
100
BARLEY (Millions of bushels)
LAPTOPS (Milliors)
Transcribed Image Text:2. Efficiency in the production possibilities model Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production possibilities curve, along vith six output combinations represented by black points (plus symbols) labelled A to F. 100 a0 PPC 60 20 E 20 40 60 80 100 BARLEY (Millions of bushels) LAPTOPS (Milliors)
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, attainable, or not
attainable. Check all that apply.
Point
Inefficient
Efficient
Attainable
Not attainable
A
B
D
Transcribed Image Text:Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, attainable, or not attainable. Check all that apply. Point Inefficient Efficient Attainable Not attainable A B D
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