If the production possibilities frontier can be expressed as 4X² + Y² = 16 then the point X = 1; Y = 4 is A) outside the production possibilities frontier B) on the production possibilities frontier C) inside the production possibilities frontier D) in the wrong quadrant to be on the graph

Question

Quizplus · Accepted Answer

Substituting X = 1 and Y = 4 into the equation 4(1)^2 + (4)^2 = 4 + 16 = 20, which is greater than 16, indicating the point is outside the frontier.

If the Production Possibilities Frontier Can Be Expressed as 4X2

If the Production Possibilities Frontier Can Be Expressed as 4X²