A production point that contained 70,000 bushels of Turnips and 30,000 bushels of Potatoes would be classified as: OA. Only Attainable OB. Attainable and Efficient OC. Unattainable and Inefficient OD. Only Efficient OE. Unattainable and Efficient OF. Attainable and Inefficient OG. Only Unattainable OH. Only Inefficient

A production point that contained 70,000 bushels of Turnips and 30,000 bushels of Potatoes would be classified as: OA. Only Attainable OB. Attainable and Efficient OC. Unattainable and Inefficient OD. Only Efficient OE. Unattainable and Efficient OF. Attainable and Inefficient OG. Only Unattainable OH. Only Inefficient

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).

Question

The nation of Rougarou is able to produce turnips and potatoes in combinations represented by the data in the following table. Each number represents thousands of bushels.
B
E
90
0
10
B. Attainable and Efficient
OC. Unattainable and Inefficient
OD. Only Efficient
OE Unattainable and Efficient
A
Turnips 100
Potatoes
0
OF. Attainable and Inefficient
OG. Only Unattainable
OH. Only Inefficient
C
70
20
A production point that contained 70,000 bushels of Turnips and 30,000 bushels of Potatoes would be classified as:
OA. Only Attainable
D
40
30
40

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