Refer to Figure 1.7.This economy will achieve efficiency in production at
A)Point D only.
B)Point G only.
C)Point J only.
D)Points D,G,and J.

Question

Refer to Figure 1.7.This economy will achieve efficiency in production at
A)Point D only. 
B)Point G only. 
C)Point J only. 
D)Points D,G,and J.

Quizplus · Accepted Answer

Efficiency in production occurs when an economy produces at the highest possible point on the production possibility frontier (PPF). Points D, G, and J all lie on the PPF, indicating that the economy is producing at full capacity at these points. Therefore, the economy can achieve efficiency in production at all of these points.