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Author Question: When an economy is producing inside its production possibility frontier (Read 156 times)

james

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on: Apr 19, 2019

When an economy is producing inside its production possibility frontier


◦ production inefficiency occurs.
◦ only technological advances will allow it to increase production.
◦ it is efficient so long as it is producing what people want.
◦ it must overcompensate by producing outside the curve to achieve efficiency.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by james on Apr 19, 2019

Pariscourtney

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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james

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

kishoreddi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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