Exhibit 2-3
-Point g in Exhibit 2-3 is efficient because
A) the only way to increase production of A is by decreasing production of B
B) the economy can increase production of both A and B from point b
C) it is impossible to move to any other point along the production possibilities frontier
D) it is impossible to move to any other point inside the production possibilities frontier
E) no other production possibilities frontier exists
Correct Answer:
Verified
Q104: The production possibilities frontier represents the boundary
Q105: "Efficiency" refers to
A)producing output using the least
Q106: Exhibit 2-3 Q107: Exhibit 2-3 Q109: A point outside the production possibilities frontier 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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A)represents