Solved

(Figure: Production Possibilities) Which Statement Is NOT Correct Regarding Point

Question 188

Multiple Choice

(Figure: Production Possibilities) Which statement is NOT correct regarding point X? (Figure: Production Possibilities)  Which statement is NOT correct regarding point X?   A)  The combination produced at point X is productively efficient. B)  Society might prefer other combinations on the line to the mix of output at point X. C)  Because it is on the line, the combination at point X has no opportunity cost. D)  The combination of output at point X might not be allocatively efficient.


A) The combination produced at point X is productively efficient.
B) Society might prefer other combinations on the line to the mix of output at point X.
C) Because it is on the line, the combination at point X has no opportunity cost.
D) The combination of output at point X might not be allocatively efficient.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents