-The table above shows the production possibilities for an economy. When the economy produces a combination of 900 books and 50 loaves of bread,
A) production efficiency is not achieved.
B) allocative and production efficiency are both achieved.
C) production efficiency is not achieved but allocative efficiency might be achieved.
D) production efficiency occurs because resources are not overused.
E) allocative efficiency is achieved because both goods are produced.

Question

-The table above shows the production possibilities for an economy. When the economy produces a combination of 900 books and 50 loaves of bread,
A) production efficiency is not achieved. 
B) allocative and production efficiency are both achieved. 
C) production efficiency is not achieved but allocative efficiency might be achieved. 
D) production efficiency occurs because resources are not overused. 
E) allocative efficiency is achieved because both goods are produced.

Quizplus · Accepted Answer

The Answer is A

-The Table Above Shows the Production Possibilities for an Economy