Refer to the information provided in Figure 2.5 below to answer the questions that follow. Figure 2.5
-Refer to Figure 2.5. The best point for society would be
A) Point C, as at this point there are approximately equal amounts of LCD and plasma televisions being produced.
B) either Point B or Point C, as the total amount being produced at either of these points is approximately the same.
C) at any of the labeled points, as all of the points represent an efficient allocation of resources.
D) indeterminate from this information, as we don't have any information about the society's desires.

Question

Refer to the information provided in Figure 2.5 below to answer the questions that follow.  Figure 2.5
-Refer to Figure 2.5. The best point for society would be
A) Point C, as at this point there are approximately equal amounts of LCD and plasma televisions being produced. 
B) either Point B or Point C, as the total amount being produced at either of these points is approximately the same. 
C) at any of the labeled points, as all of the points represent an efficient allocation of resources. 
D) indeterminate from this information, as we don't have any information about the society's desires.

Quizplus · Accepted Answer

Without information about society's preferences or desires, we cannot determine which point is best for society.

Refer to the Information Provided in Figure 2