Use the following production possibilities frontier for a country to answer the following questions. Which point(s) are unattainable? Briefly explain why. O Point A because it is inside the production possibilities frontier. O All the points because the production of each has an opportunity cost. A Point E because it is outside the production possibilities frontier. B O None of the points because they all are feasible. * Points B, C, and D because they are on the production possibilities frontier. Which point(s) are efficient? Briefly explain why. D O Points A, B. C, and D because they are attainable. O Points B, C, and D because this is where maximum output is produced with available resources. PPF O Point A because it is inside the production possibilities frontier. O Point E because it is where the most capital and consumption goods combined are produced. Consumption goods O Point B because it is where the most resources are used to produce capital goods. Which point(s) are inefficient? Briefly explain why. O A. Points B, C, and D because they are on the production possibilities frontier. O B. Points B, C, D, and E because they are unattainable. OC. Points A, B, C, and D because they are attainable. O D. Point E because it is unattainable. O E. Point A because production there is not using all available resources. spoob jegideo
Use the following production possibilities frontier for a country to answer the following questions. Which point(s) are unattainable? Briefly explain why. O Point A because it is inside the production possibilities frontier. O All the points because the production of each has an opportunity cost. A Point E because it is outside the production possibilities frontier. B O None of the points because they all are feasible. * Points B, C, and D because they are on the production possibilities frontier. Which point(s) are efficient? Briefly explain why. D O Points A, B. C, and D because they are attainable. O Points B, C, and D because this is where maximum output is produced with available resources. PPF O Point A because it is inside the production possibilities frontier. O Point E because it is where the most capital and consumption goods combined are produced. Consumption goods O Point B because it is where the most resources are used to produce capital goods. Which point(s) are inefficient? Briefly explain why. O A. Points B, C, and D because they are on the production possibilities frontier. O B. Points B, C, D, and E because they are unattainable. OC. Points A, B, C, and D because they are attainable. O D. Point E because it is unattainable. O E. Point A because production there is not using all available resources. spoob jegideo
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Use the following production possibilities frontier for a country to answer the following questions.
Which point(s) are unattainable? Briefly explain why.
O Point A because it is inside the production possibilities frontier.
All the points because the production of each has an opportunity cost.
B
E
Point E because it is outside the production possibilities frontier.
None of the points because they all are feasible.
A Points B, C, and D because they are on the production possibilities frontier.
Which point(s) are efficient? Briefly explain why.
A
Points A, B, C, and D because they are attainable.
O Points B, C, and D because this is where maximum output is produced with available resources.
PPF
Point A because it is inside the production possibilities frontier.
Point E because it is where the most capital and consumption goods combined are produced.
Consumption goods
O Point B because it is where the most resources are used to produce capital goods.
Which point(s) are inefficient? Briefly explain why.
O A. Points B, C, and D because they are on the production possibilities frontier.
O B. Points B, C, D, and E because they are unattainable.
O C. Points A, B, C, and D because they are attainable.
O D. Point E because it is unattainable.
O E. Point A because production there is not using all available resources.
Capital goods
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