-Point C on the production possibilities frontier in the above diagram illustrates
A) a combination of goods and services that cannot be produced efficiently
B) all goods and services that are desired but cannot be produced due to scarce resources.
C) a point that achieves production efficiency.
D) a production point that has underutilization of resources

Question

-Point C on the production possibilities frontier in the above diagram illustrates
A) a combination of goods and services that cannot be produced efficiently 
B) all goods and services that are desired but cannot be produced due to scarce resources. 
C) a point that achieves production efficiency. 
D) a production point that has underutilization of resources

Quizplus · Accepted Answer

Point C on the production possibilities frontier represents a combination of goods and services that is produced efficiently, meaning resources are fully utilized without any waste.

-Point C on the Production Possibilities Frontier in the Above