14. Efficiency in the production possibilities model Suppose the fictional country of Haleakala produces only two goods: sorghum and axles. The following graph plots Haleakala's current production possibilities frontier, and includes six different output combinations given by black points (plus symbols) labeled A to F. AXLES (Millions) 100 80 60 20 0 0 PPF 20 +4 E + 40 8 x 4 60 SORGHUM (Millions of bushels) 80 100 (?)
14. Efficiency in the production possibilities model Suppose the fictional country of Haleakala produces only two goods: sorghum and axles. The following graph plots Haleakala's current production possibilities frontier, and includes six different output combinations given by black points (plus symbols) labeled A to F. AXLES (Millions) 100 80 60 20 0 0 PPF 20 +4 E + 40 8 x 4 60 SORGHUM (Millions of bushels) 80 100 (?)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![A
B
C
D
20
E
0
F
D
Point Inefficient Efficient Unattainable
TIT
L
20
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all
that apply.
0
E
40
60
SORGHUM (Millions of bushels)
B
0
80
0
100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc751d6fd-d17c-47be-b3d8-6ae0f9d95edf%2F9542589c-5e31-4bd7-83d0-eaf2a24e8801%2Frbvmo3k_processed.png&w=3840&q=75)
Transcribed Image Text:A
B
C
D
20
E
0
F
D
Point Inefficient Efficient Unattainable
TIT
L
20
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all
that apply.
0
E
40
60
SORGHUM (Millions of bushels)
B
0
80
0
100
![14. Efficiency in the production possibilities model
Suppose the fictional country of Haleakala produces only two goods: sorghum and axles. The following graph plots Haleakala's current production
possibilities frontier, and includes six different output combinations given by black points (plus symbols) labeled A to F.
AXLES (Millions)
100
80
20
0
0
PPF
D
20
+w
E
Xc
40
+
B
F
XA
60
SORGHUM (Millions of bushels)
80
100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc751d6fd-d17c-47be-b3d8-6ae0f9d95edf%2F9542589c-5e31-4bd7-83d0-eaf2a24e8801%2Fqfx5sm_processed.png&w=3840&q=75)
Transcribed Image Text:14. Efficiency in the production possibilities model
Suppose the fictional country of Haleakala produces only two goods: sorghum and axles. The following graph plots Haleakala's current production
possibilities frontier, and includes six different output combinations given by black points (plus symbols) labeled A to F.
AXLES (Millions)
100
80
20
0
0
PPF
D
20
+w
E
Xc
40
+
B
F
XA
60
SORGHUM (Millions of bushels)
80
100
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