
-The above figure shows a nation's production function. Point C is ________ and ________ because ________.
A) unattainable; efficient; the nation would be using resources efficiently if it could attain this level of production
B) attainable; efficient; the nation is using resources efficiently
C) unattainable; inefficient; the nation is using resources inefficiently
D) attainable; inefficient; the nation is using resources inefficiently
E) unattainable; inefficient; the nation is using resources efficiently but it could be more efficient
Correct Answer:
Verified
Q22: Q23: The total labour hours that all the Q24: The production function describes the relationship between Q25: A surplus of labour is eliminated by Q26: Growth in the supply of labour comes Q28: Q29: The idea of "diminishing returns" means that Q30: When all other influences on work plans Q31: Suppose that Australia has fully employed all Q32: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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