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.
Added by Defne E.
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This is because these points represent a situation where resources are not fully utilized or allocated in the most optimal way. There is room for improvement in terms of producing more goods or services without sacrificing the production of others. Points that Show more…
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