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Figure: Tom's Production Possibilities
-(Figure: Tom's Production Possibilities) Look at the figure Tom's Production Possibilities. Which point or points represent(s) a combination of coconuts and fish that is efficient in production?
A)A only
B)A and B
C)B and C
D)D only

Question

Use the following to answer questions:
Figure: Tom's Production Possibilities 
-(Figure: Tom's Production Possibilities) Look at the figure Tom's Production Possibilities. Which point or points represent(s) a combination of coconuts and fish that is efficient in production?
A)A only 
B)A and B 
C)B and C 
D)D only

Quizplus · Accepted Answer

Points A and B are on the production possibility curve, indicating they are efficient combinations of fish and coconuts. Point C is inside the curve, indicating it is an inefficient combination, and point D is beyond the curve, indicating it is currently unattainable given Tom's resources.

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