Production Possibilities Frontier Corn 80 80 Green Beans A p

Production Possibilities Frontier Corn 80 80 Green Beans A point on the production possiblities frontier in the figure above Is

Solution

Solution: efficient

Explanation: Production points on a PPF represent efficient use of all of the economy’s resources. The points inside a PPF are possible, however inefficient thus indicate the economy is either not using all of its resources. The point on a PPF indicates efficient usage of all of the resources in the economy. Points outside the PPF are unattainable production points with current technologies and resources