Production efficiency occurs when production
A)is on the production possibilities frontier.
B)is on the production possibilities frontier or inside it.
C)is at any attainable point.
D)is at a point beyond the production possibilities frontier.

Question

Quizplus · Accepted Answer

Production efficiency occurs when production is on the production possibilities frontier, as this represents the maximum output that can be achieved with the available resources and technology.

Production Efficiency Occurs When Production