Use the following to answer question(s):
Exhibit: Production Possibilities Curve 1

-(Exhibit: Production Possibilities Curve 1) Efficiency is achieved at point _____ with respect to Curve _____.
A) G; y
B) I; z
C) H; x
D) F; x

Question

Use the following to answer question(s): 
Exhibit: Production Possibilities Curve 1
 
-(Exhibit: Production Possibilities Curve 1) Efficiency is achieved at point _____ with respect to Curve _____.
A) G; y 
B) I; z 
C) H; x 
D) F; x

Quizplus · Accepted Answer

Efficiency is achieved at the point where the production possibilities curve is tangent to the highest possible combination of outputs. In this exhibit, the curve is tangent to point H with respect to Curve x, indicating that it is the most efficient point to produce goods and services.

Use the Following to Answer Question(s)