1.7 Match each diagram in Figure 1 with its description here.

Assume that the economy is producing or attempting to produce at point A and that most members of society like meat and not fish. Some descriptions apply to more than one diagram, and some diagrams have more than one description.

a. Inefficient production of meat and fish

b. Productive efficiency

c. An inefficient mix of output

d. Technological advances in the production of meat and fish

e. The law of increasing opportunity cost

f. An impossible combination of meat and fish

Transcribed Image Text:

Fish d. A Fish A Meat Fish 0 e. Fish 0 Meat 0 Meat A b. c. Meat Fish f. Fish Meat A Meat A