The attainable production points on a production possibility curve are
A) the horizontal and vertical intercepts.
B) the points along the production possibilities frontier.
C) the points outside the area enclosed by the production possibilities frontier.
D) the points along and inside the production possibility frontier.

Question

Quizplus · Accepted Answer

The production possibility curve illustrates the maximum possible combinations of goods that can be produced with the available resources and technology. The points along the production possibility frontier represent efficient utilization of resources and maximizing output, which are the attainable production points. The points outside the production possibility frontier are currently unattainable due to the limited resources and technology. The horizontal and vertical intercepts have no economic significance as they represent the production of only one good and not a combination of goods. Therefore, the points along and inside the production possibility curve are the attainable production points.

The Attainable Production Points on a Production Possibility Curve Are