If a society allocates resources so that it produces efficiently, then it isproducing at a pointA on its production posibility frontier that is the most desirable.( B. on its production posibility frontier but not necessanly the most-desirable point.C. outside is production possibilty frontier.( D. that maximizes its economic growth.

Meaning of Production Possibility Frontier: The term production possibility frontier refers to the…

If a society allocates resources so that it produces eficiently, then it is producing at a point A on its production possibilty frontier that is the most desirable. (B. on its production possibly frontier but not necessarly the most desirable point. Coutside its production possiblity frontier that maximizes its economic growth

If a society allocates resources so that it produces eficiently, then it is producing at a point A on its production possibilty frontier that is the most desirable. (B. on its production possibly frontier but not necessarly the most desirable point. Coutside its production possiblity frontier that maximizes its economic growth

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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