-Refer to the above figure. If the farmer is growing 8,000 bushels of beans and 8,000 bushels of wheat, then we know that
A) the farmer is not using resources efficiently.
B) the farmer is using more land for wheat than for beans.
C) the farmer should increase the amount of wheat grown and reduce the amount of beans.
D) the farmer cannot be using the amount of land that was used to construct the curve.

Question

-Refer to the above figure. If the farmer is growing 8,000 bushels of beans and 8,000 bushels of wheat, then we know that
A) the farmer is not using resources efficiently. 
B) the farmer is using more land for wheat than for beans. 
C) the farmer should increase the amount of wheat grown and reduce the amount of beans. 
D) the farmer cannot be using the amount of land that was used to construct the curve.

Quizplus · Accepted Answer

The point described (8,000 bushels of both beans and wheat) would fall inside the production possibilities curve, indicating that not all resources are being used efficiently or to their full potential.

-Refer to the Above Figure