Points inside the production possibilities frontier are:
Answer: Attainable
Points inside the proportion possibilities frontier are attainable but these points are inefficient as resources are not used optimally.
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both...
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
The ________ production points on a production possibility curve are the points along and inside the production possibility frontier. A) attainable B) unattainable C) productively efficient D) allocatively efficient
QUESTION 6 A country operating outside of the production possibilities frontier is: O operating efficiently. O operating inefficiently and at an unattainable level. O operating inefficiently but in an area that can be attained with proper use of resources. impossible. A country cannot operate outside the production possibilities frontie.
if a production combination in a country's production possibilities diagram is inside the production possibilities frontier, and the country be producing on its production on its production efficiency locus in the Edgeworth box diagram? why or why not
Cars (thousands per week) 24 F G The figure shows an economy's production possibilities frontier and identifies some production points. We can produce all combinations_ O A. inside the PPF, on the PPF, and outside the PPF O B. inside the PPF and on the PPF OC. on the PPF but not inside or outside the PPF OD. on the PPF and outside the PPF O E. inside the PPF but not on the PPF or outside the PPF Which...
ourses19WNCMPEC0-202-201027 WeeKITVOGCRQuiz When moving from one bundle inside the production possibilities frontier to another bundle on the production possibilities frontier, the economy Select one: 0 a. Gets more of both goods without sacrificing any of either good O b. Gets more of one good at the cost of giving up some of the other good ° C. Moves from an efficient bundle to an inefficient bundle O d. Face a trade-off in production Next page ort Answers Jump to page)#
If the economy is currently producing at a point inside its Production Possibilities Frontier O alternate products must be sacrificed in order for production to increase. O technology must improve in order for production to increase. O human capital must improve in order to production to increase. O more resources must be discovered in order for production to increase. O production can increase if resources are used more efficiently.
efficiency in the production possibilities model suppose the Netherlands produces only two goods: alfalfa & computers. The following graph shows the Netherlands current production possibilities frontier, along with 6 output combinations represented by black points labeled A to F. Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, attainable, or unattainable. Check all that apply Attempts: Score: /1 3. Efficiency in the production possibilitles model Suppose the Netherlands produces only two goods: alfalfa...
answer all please and thank you Refer to the production possibilities frontier in below. Which of the following statements is true about point ? Good Y 0 2 4 6 8 10 Good X Select one: a. It is attainable only if we consume more of good X b. It is attainable only if we consume more of good Y. It is attainable only if we consume less of good Y. d. It is attainable only if we consume less...
1. Draw the Production Possibilities Frontier for the following table and label all points Person A Possibility Pizza Hamburgers 25 20 15 10 6 10 • What is the opportunity cost of 1 Pizza? What is the opportunity cost of 1 hamburger? Label three inefficient points and 3 unattainable points 2. Draw the Production Possibilities Frontier and label all points: Person B Possibility Hamburgers 10 8 B Piura 5 10 15 20 25 C D What is the opportunity cost...