Figure 2-1

-Refer to Figure 2-1.Point B is
A)technically efficient.
B)unattainable with current resources.
C)inefficient in that not all resources are being used.
D)the equilibrium output combination.

Question

Figure 2-1
 
-Refer to Figure 2-1.Point B is
A)technically efficient. 
B)unattainable with current resources. 
C)inefficient in that not all resources are being used. 
D)the equilibrium output combination.

Quizplus · Accepted Answer

Point B is technically efficient because it lies on the production possibility frontier, indicating that resources are being used optimally.

Figure 2-1 -Refer to Figure 2-1.Point B Is