Suppose Colin brews beer and makes cheese. If Colin can increase his production of beer without decreasing his production of cheese, then he is producing at an:
A)inefficient point.
B)efficient point.
C)unattainable point.
D)ideal point.

Question

Quizplus · Accepted Answer

By definition, an inefficient point is any combination of goods for which currently available resources enable an increase in the production of one good without a reduction in the production of some other good.

Suppose Colin Brews Beer and Makes Cheese