Use the following production possibilities frontier for a country to answer the following questions. Which point(s) are unattainable? Briefly explain why. O Point A because it is inside the production possibilities frontier. O All the points because the production of each has an opportunity cost. A Point E because it is outside the production possibilities frontier. B O None of the points because they all are feasible. * Points B, C, and D because they are on the production possibilities frontier. Which point(s) are efficient? Briefly explain why. D O Points A, B. C, and D because they are attainable. O Points B, C, and D because this is where maximum output is produced with available resources. PPF O Point A because it is inside the production possibilities frontier. O Point E because it is where the most capital and consumption goods combined are produced. Consumption goods O Point B because it is where the most resources are used to produce capital goods. Which point(s) are inefficient? Briefly explain why. O A. Points B, C, and D because they are on the production possibilities frontier. O B. Points B, C, D, and E because they are unattainable. OC. Points A, B, C, and D because they are attainable. O D. Point E because it is unattainable. O E. Point A because production there is not using all available resources. spoob jegideo
Use the following production possibilities frontier for a country to answer the following questions. Which point(s) are unattainable? Briefly explain why. O Point A because it is inside the production possibilities frontier. O All the points because the production of each has an opportunity cost. A Point E because it is outside the production possibilities frontier. B O None of the points because they all are feasible. * Points B, C, and D because they are on the production possibilities frontier. Which point(s) are efficient? Briefly explain why. D O Points A, B. C, and D because they are attainable. O Points B, C, and D because this is where maximum output is produced with available resources. PPF O Point A because it is inside the production possibilities frontier. O Point E because it is where the most capital and consumption goods combined are produced. Consumption goods O Point B because it is where the most resources are used to produce capital goods. Which point(s) are inefficient? Briefly explain why. O A. Points B, C, and D because they are on the production possibilities frontier. O B. Points B, C, D, and E because they are unattainable. OC. Points A, B, C, and D because they are attainable. O D. Point E because it is unattainable. O E. Point A because production there is not using all available resources. spoob jegideo
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.5P
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