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. * Point E because it is outside the production possibilities frontier. B 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. Consumption goods O Point E because it is where the most capital and consumption goods combined are produced. O Point B because it is where the most resources are used to produce capital goods. spoob jeideo
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. * Point E because it is outside the production possibilities frontier. B 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. Consumption goods O Point E because it is where the most capital and consumption goods combined are produced. O Point B because it is where the most resources are used to produce capital goods. spoob jeideo
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 14SQ
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Transcribed Image Text:Use the following production possibilities frontier for a country to answer the following questions.
Which point(s) are unattainable? Briefly explain why.
Point A because it is inside the production possibilities frontier.
All the points because the production of each has an opportunity cost.
B
E
Point E because it is outside the production possibilities frontier.
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.
Points A, B, C, and D because they are attainable.
Points B, C, and D because this is where maximum output is produced with available resources.
PPE
Point A because it is inside the production possibilities frontier.
Point E because it is where the most capital and consumption goods combined are produced.
Consumption goods
Point B because it is where the most resources are used to produce capital goods.
Capital goods
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