3. Efficient points: Production is efficient when it is not possible to produce more of one good...

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3. Efficient points: Production is efficient when it is not possible to produce more of one good without producing less of another good. To be efficient, a point must be attainable, so points F and G can’t be efficient.

Points inside the PPF can’t be efficient because more goods can be produced, so D and E are not efficient.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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