
-The above figure shows a nation's production function.Point B is
A) unattainable.
B) attainable if the nation uses resources inefficiently.
C) attainable if the nation uses resources efficiently.
D) the maximum amount of real GDP the nation can ever produce.
E) Both answers C and D are correct.
Correct Answer:
Verified
Q42: Q43: If adding an initial 100 billion labor Q44: The gap in GDP between the United Q45: A reason a nation faces diminishing returns Q46: As additional units of labor hours are Q48: _ in the United States _ in Q49: Q50: Diminishing returns,so that each additional hour of Q51: Employing an additional 1 billion hours of Q52: 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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