Although all points on the PPF are efficient, that alone does not tell us which point is "best" for the society.

Question

Quizplus · Accepted Answer

The PPF shows all possible production combinations that would exhaust all resources in the economy, but it does not indicate which point is most desirable or beneficial for society. The choice of point would depend on societal preferences and values, which can vary among individuals and groups.

Although All Points on the PPF Are Efficient, That Alone