Figure 11-2

In Figure 11-2, which of the points are efficient allocations of resources?

Name: Figure 11-2 In Figure 11-2, which of the points are efficient allocations of resources?
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Question

Figure 11-2 ​

In Figure 11-2, which of the points are efficient allocations of resources?

Quizplus · Accepted Answer

Points A, B, and C are all on the production possibility frontier (PPF) and therefore represent efficient allocations of resources. Point D is inside the PPF and represents an inefficient allocation of resources, while point E is outside the PPF and is currently unattainable with current resources and technology.

Figure 11-2 ​ In Figure 11-2, Which of the Points Are Efficient Allocations

Figure 11-2 In Figure 11-2, Which of the Points Are Efficient Allocations