Homework SourseAll production points on the production posssibility frontie
All production points on the production posssibility frontier are allocatively efficient
True or false?
All production points on the production posssibility frontier are allocatively efficient
True or false?
All production points on the production posssibility frontier are allocatively efficient
True or false?
All production points on the production posssibility frontier are allocatively efficient
True or false?
True or false?
Solution
Ans:
False
Production posssibility frontier(PPF) represents the productive efficiency and not the allocative efficiency.The Production posssibility frontier(PPF) only shows the potential output .
