Question

Production Possibility Frontier-Country X 9 A 15,7 6 10,6 15,4 18, 2 20, 0 20 5 10 15 25 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What would be a combination of watches and MP3 players that would meet the allocative efficiency of a country? O Any combination on the production possibilities frontier that brings the highest level of satisfaction to meet the needs of the people in the economy O Point G combination because it represents the combination with the highest number of watches and MP3 players. O Combinations C or D because they represent a balanced quantity of watches and MP3 players

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Answer #1

Ans: Any combination on the production possibility frontier that brings the highest level of satisfaction to meet the needs of the people in the economy.

Explanation:

Allocative efficiency refers to the combination of goods a society produces on the PPF that the society most desires.

Thus, the first option is correct.

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