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

Question

Figure 2.1.1
-Complete the following sentence.In Figure 2.1.1,
A)some resources must be unused at point C. 
B)movement from A to B would require a technological advance. 
C)point B is a point of production efficiency. 
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 on the graph represents the point of production efficiency where all resources are being utilized.

Figure 2.1.1 -Complete the Following Sentence.In Figure 2.1.1