Consider the production possibilities frontier displayed in the figure shown. Which of the following statements is currently true?
A) Producing at point I is the best choice because both books and pizzas are made.
B) Producing at point IV would be inefficient because no books would be produced.
C) Producing at point III is the best choice because it's closest to the middle of the line.
D) Producing at point II is impossible.

Question

Consider the production possibilities frontier displayed in the figure shown. Which of the following statements is currently true?
A) Producing at point I is the best choice because both books and pizzas are made. 
B) Producing at point IV would be inefficient because no books would be produced. 
C) Producing at point III is the best choice because it's closest to the middle of the line. 
D) Producing at point II is impossible.

Quizplus · Accepted Answer

The Answer of  Consider the production possibilities frontier displayed in the figure shown. Which of the following statements is currently true?
A) Producing at point I is the best choice because both books and pizzas are made. 
B) Producing at point IV would be inefficient because no books would be produced. 
C) Producing at point III is the best choice because it's closest to the middle of the line. 
D) Producing at point II is impossible.

Consider the Production Possibilities Frontier Displayed in the Figure Shown