In the above figure, the production of 25 guitars and 25 ukuleles is

Question

Quizplus · Accepted Answer

The point at which production of 25 guitars and 25 ukuleles intersects with the PPC curve represents an inefficient production. This is because if the same resources were allocated differently, for example, allocating more resources to guitar production, the production level of ukuleles could still be maintained, while the production level of guitars could be increased. Therefore, producing both 25 guitars and 25 ukuleles is not the best use of resources and an alternative allocation of resources can lead to a more efficient production.

In the Above Figure, the Production of 25 Guitars and 25