Use the figure below to answer the following questions. Figure 2.1.1
-Complete the following sentence.In Figure 2.1.1,
A)movement from A to B would require a technological advance.
B)point B is a point of production efficiency.
C)some resources must be unused at point C.
D)the concept of decreasing opportunity cost is illustrated.
E)movement from C to B would require a technological improvement.

Question

Use the figure below to answer the following questions.  Figure 2.1.1
-Complete the following sentence.In Figure 2.1.1,
A)movement from A to B would require a technological advance. 
B)point B is a point of production efficiency. 
C)some resources must be unused at point C. 
D)the concept of decreasing opportunity cost is illustrated. 
E)movement from C to B would require a technological improvement.

Quizplus · Accepted Answer

Point B represents the point of maximum production efficiency, where all resources are being used efficiently.

Use the Figure Below to Answer the Following Questions