Question

Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply.

Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply. 


PPF SMARTPHONES (Millions) 00 ALFALFA (Millions of bushels) Complete the following table by indicating whether each point rep


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Answer #1

As per the question,

Production possibility frontier here, presents the different possible amounts of smartphones and alfalfa that two separate goods produced with a given fixed given resource.

Any point on the PPF curve would be efficient to produce goods and points below the PPF curve would be inefficient as the given resource is not fully utilized. On the other hand, points beyond the PPF curve would be unattainable.

Point A - Inefficient

Point B - Inefficient

Point C - Unattainable

Point D - Unattainable

Point E - Efficient

Point F - Efficient

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