Figure 14-2

-In Figure 14-2, which of the points are efficient allocations of resources?
A)A, B, and C
B)B and C only
C)C and B and D
D)B only

Name: Figure 14-2 -In Figure 14-2, which of the points are efficient allocations of resources? A)A, B, and C B)B and C only C)C and B and D D)B only
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Question

Figure 14-2
 
-In Figure 14-2, which of the points are efficient allocations of resources?
A)A, B, and C 
B)B and C only 
C)C and B and D 
D)B only

Quizplus · Accepted Answer

Efficient allocations of resources are typically represented by points on the production possibility frontier (PPF), which are A, B, and C in this context.

Figure 14-2 -In Figure 14-2, Which of the Points Are Efficient Allocations