product Y 28 24 20 16 12 8 4 0 0 4 TOGGuom point A 8 MOVS FrondoT point F (d) All of the above statements are true. O(e) Only statements (a) and (b) are true. 12 05. Which of the following statements about point E is TRUE? O(a) It represents 22 units of X and 24 units of Y 16 point B V point C 20 point E point D 24 product X (b) This combination of goods X and Y is unattainable without additional resources or better technology. O (c) The reason point E is unattainable is because of insufficient demand.
product Y 28 24 20 16 12 8 4 0 0 4 TOGGuom point A 8 MOVS FrondoT point F (d) All of the above statements are true. O(e) Only statements (a) and (b) are true. 12 05. Which of the following statements about point E is TRUE? O(a) It represents 22 units of X and 24 units of Y 16 point B V point C 20 point E point D 24 product X (b) This combination of goods X and Y is unattainable without additional resources or better technology. O (c) The reason point E is unattainable is because of insufficient demand.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of the following statements about point E is TRUE?
Transcribed Image Text:product Y
28
24
20
16
N
12
8
4
0
0
4
TUDUVLom
point A
8
mavs
(d) All of the above statements are true.
O(e) Only statements (a) and (b) are true.
point F
12
05. Which of the following statements about point E is TRUE?
O(a) It represents 22 units of X and 24 units of Y
TOMAST
16
point B
V
point C
20
point E
point D
24
product X
(b) This combination of goods X and Y is unattainable without additional resources or better technology.
O (c) The reason point E is unattainable is because of insufficient demand.
Expert Solution
Step 1
PPF is the production possibility frontier.
It is defined as the production possibility of two goods in an economy with the given resources and technology at a given period of time.
The points are unattainable when it lies beyond the PPF.
The points are attainable when it lies below or on the PPF.
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