(Figure: Clothing and Food II) Answer the following questions.
a. List all points on the graph that correspond to Pareto-efficient input combinations.
b. List all points on the graph that are not on the production contract curve.
c. List all points on the graph that indicate both exchange and input efficiency but not output efficiency.
d. Which points on the graph achieve input, exchange, and output efficiency?

Question

(Figure: Clothing and Food II) Answer the following questions.  
a. List all points on the graph that correspond to Pareto-efficient input combinations.
b. List all points on the graph that are not on the production contract curve.
c. List all points on the graph that indicate both exchange and input efficiency but not output efficiency.
d. Which points on the graph achieve input, exchange, and output efficiency?

Quizplus · Accepted Answer

The Answer of (Figure: Clothing and Food II) Answer the following questions.  
a. List all points on the graph that correspond to Pareto-efficient input combinations.
b. List all points on the graph that are not on the production contract curve.
c. List all points on the graph that indicate both exchange and input efficiency but not output efficiency.
d. Which points on the graph achieve input, exchange, and output efficiency?

(Figure: Clothing and Food II) Answer the Following Questions