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Author Question: An economy that is producing on the production possibility frontier at some point other than the ... (Read 44 times)

asan beg

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on: Apr 19, 2019

An economy that is producing on the production possibility frontier at some point other than the output of efficient allocation is


◦ efficient, as it is on the production possibility frontier.
◦ inefficient, as the combination of goods and services produced is not what people want.
◦ efficient, as the economy is producing goods at the lowest possible cost.
◦ inefficient, as that combination of goods could be produced at a lower cost if more efficient technology were employed.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by asan beg on Apr 19, 2019

shaikhs

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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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asan beg

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

samiel-sayed

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Reply 3 on: Yesterday
Excellent

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