Points on a production possibilities curve are ________ and ________.
A) inefficient; attainable
B) inefficient; unattainable
C) efficient; attainable
D) efficient; unattainable

Question

Quizplus · Accepted Answer

Points on a production possibilities curve represent the maximum possible output combination of two goods that a firm, a country, or an economy can produce using the available resources and technology. The curve shows all possible efficient production combinations of two goods, and all points on the curve are attainable given the available resources and technology. Therefore, the correct answer is C - efficient; attainable.

Points on a Production Possibilities Curve Are ________ and ________

Points on a Production Possibilities Curve Are and