( a )/(E) All points inside the production possibility frontier represent: efficient production points. inefficient production points. infeasible production points. regions of economic growth. All points inside the production possibility frontier represent: Macmillan Learning efficient production points. inefficient production points. infeasible production points. regions of economic growth.
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Step 1: The production possibility frontier (PPF) represents the maximum possible output combinations of two goods that an economy can produce given its resources and technology. Show more…
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Points that lie inside a production possibility frontier are attainable and not efficient. Points that are actually on a production possibility frontier are attainable and efficient. Points that lie outside a production possibility frontier are unattainable.
Crystal W.
A point inside the production possibilities frontier is a. efficient but not feasible. b. feasible but not efficient. c. both efficient and feasible. d. neither efficient nor feasible.
A production point inside of the production possibilities frontier is.... 1. Inefficient because there may not be enough technology to produce more. 2. Inefficient because there is an opportunity cost of not producing more when you are able to do so. 3. Efficient because no economy can always produce at it's maximum level. 4. Efficient because factors such as health and education may prevent you from attaining efficiency. When two countries produce according to comparative advantage, it is the idea that 1. Each country will produce that good that they have the lowest opportunity cost of producing. 2. Each country will produce the good that it can produce more of than the other country. 3. Each country will produce that good which is most favored by its citizens. 4. Each country will trade until efficiency is obtained.
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