Refer to the accompanying figure. It is efficient for this farmer to:
A)grow 500 bushels of wheat and 500 bushels of corn.
B)grow 250 bushels of wheat and 500 bushels of corn.
C)grow 500 bushels of wheat and 250 bushels of corn.
D)grow 1,000 bushels of wheat and 500 bushels of corn.

Question

Refer to the accompanying figure. It is efficient for this farmer to: 
A)grow 500 bushels of wheat and 500 bushels of corn. 
B)grow 250 bushels of wheat and 500 bushels of corn. 
C)grow 500 bushels of wheat and 250 bushels of corn. 
D)grow 1,000 bushels of wheat and 500 bushels of corn.

Quizplus · Accepted Answer

If this farmer produces 500 bushels of wheat and 250 bushels of corn, then they are producing at a point on the production possibilities curve, so we know it is efficient.

Refer to the Accompanying Figure