**Production Possibilities Frontier***Use the following figure to answer the question below.*The provided figure illustrates the concept of the Production Possibilities Frontier (PPF) using a graph with Corn and Green Beans as the two goods being compared.**Graph Details:**- The horizontal axis represents Green Beans, with an endpoint at 80 units.- The vertical axis represents Corn, with an endpoint at 80 units.- The PPF curve is a downward-sloping straight line from the endpoint of the Corn axis (80 Corn) to the endpoint of the Green Beans axis (80 Green Beans).Two points are marked on the graph:- **Point A:** Located inside the PPF curve.- **Point B:** Located on the PPF curve.**Question:**Point A in the figure above is:[There is no provided answer to this question. The task appears to be to analyze or identify something about Point A, such as its efficiency or feasibility in the context of the production possibilities frontier.] ### Question**Point A in the figure above is**### Multiple Choice Options- ○ local.- ○ not attainable.- ○ efficient.- ● inefficient.In this multiple-choice question, users are asked to identify the nature of point A in the given figure (which is not displayed here). The possible answers are:- **local:** - This is presumably incorrect, as no context about 'local' is given. - **not attainable:** - This answer suggests that point A is beyond the feasible region, indicating it can't be reached with the available resources.- **efficient:** - This suggests optimal use of resources without any wastage. - **inefficient:** - This implies that resources are not being used optimally, meaning it is possible to achieve the same output with fewer inputs or more output with the same inputs. According to the image, this option is highlighted, indicating it as the correct answer. Since "inefficient" is highlighted, point A is considered inefficient.

PPF stands for Production Possibility Frontier. It is a graphical representation of the maximum…

Answered: Use the following figure to answer the…

Use the following figure to answer the question below. Corn 80 Production Possibilities Frontier Point A in the figure above is B 00 80 Green Beans

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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c. Graphically illustrate a production possibilities curve for books and ice cream.
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