Exhibit 2-13 Production possibilities curve

-In Exhibit 2-13, in terms of efficiency:

Question

Exhibit 2-13 Production possibilities curve

-In Exhibit 2-13, in terms of efficiency:

Quizplus · Accepted Answer

Point A is the point of maximum inefficiency, as it uses equal amounts of resources to produce fewer goods than any other point on the curve. Therefore, any point to the right of point A is preferable in terms of efficiency. Point C is the point of maximum efficiency, as it uses all available resources to produce the greatest possible quantity of both goods. Thus, point C is the best choice.

Exhibit 2-13 Production Possibilities Curve