Jerry's production possibilities curve for goods W and Z is W = 20 - 2Z,where W is the quantity of good W produced and Z is the quantity of good Z produced.The combination of W and Z (14,3)is a(n)__________ point.
A) unattainable
B) inefficient
C) inefficient but attainable
D) efficient
E) efficient and unattainable

Question

Quizplus · Accepted Answer

The combination (14,3) lies on the production possibilities curve W = 20 - 2Z, as substituting Z = 3 gives W = 20 - 2(3) = 14. Therefore, it is an efficient point.

Jerry's Production Possibilities Curve for Goods W and Z Is