All output combinations on the production possibilities frontier are attainable.

Question

Quizplus · Accepted Answer

The production possibilities frontier represents all the combination of two goods that can be produced with the given resources and technology. Any combination on the frontier is attainable and represents efficient use of resources. Combinations inside the frontier represent inefficient use of resources, while combinations outside the frontier are unattainable with the given resources and technology.

All Output Combinations on the Production Possibilities Frontier Are Attainable