When a producer is operating efficiently it is producing:
A) at a point on its production possibilities frontier.
B) at a point on or under its production possibilities frontier.
C) only one good.
D) the good in which it has an absolute advantage.

Question

Quizplus · Accepted Answer

When a producer is operating efficiently, it is producing at a point on its production possibilities frontier, indicating that it is using all available resources optimally without any waste.

When a Producer Is Operating Efficiently It Is Producing