Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Refer to Figure 2.5. The best point for society would be
◦ Point
C, as at this point there are approximately equal amounts of LCD and plasma televisions being produced.
◦ either Point
B or Point
C, as the total amount being produced at either of these points is approximately the same.
◦ at any of the labeled points, as all of the points represent an efficient allocation of resources.
◦ indeterminate from this information, as we don't have any information about the society's desires.
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