The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier.
A)attainable
B)unattainable
C)productively efficient
D)allocatively efficient

Question

Quizplus · Accepted Answer

Attainable production points refer to the points along and inside the production possibilities frontier, which can be achieved with the given resources and technology. Unattainable points are outside the production possibilities frontier and cannot be achieved with the current resources and technology. Productively efficient points refer to those production points on the production possibilities frontier where the maximum output is produced with the given resources and technology. Allocatively efficient points refer to those production points where the maximum utility is derived from producing the combination of goods and services that best satisfy the preferences of the society. Since the question asks specifically about the production points along and inside the production possibilities frontier, the correct answer is A, attainable production points.

The ________ Production Points on a Production Possibilities Frontier Are