A point inside a production possibilities frontier OA. is unattainable. OB. indicates that some resources are unemployed. OC. implies that too much capital and not enough labor is being used. D. is more efficient than points on the production possibilities frontier.

A point inside a production possibilities frontier OA. is unattainable. OB. indicates that some resources are unemployed. OC. implies that too much capital and not enough labor is being used. D. is more efficient than points on the production possibilities frontier.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 3CQQ

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