Refer to the above figure. If the farmer is producing 4,000 bushels of beans and 38,000 bushels of wheat, then we know the farmer
A) is using resources efficiently.
B) is producing too much wheat.
C) is inefficient because point a is the most efficient point on the curve.
D) must be using more resources than were assumed available in constructing the graph.

Question

Quizplus · Accepted Answer

If the farmer is producing 4,000 bushels of beans and 38,000 bushels of wheat, it suggests that the farmer is producing beyond the production possibilities curve, indicating the use of more resources than initially assumed.

Refer to the Above Figure