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3. Efficiency in the production possibilities model Suppose the fictional country of Yellowstone produces only two goods: rice and handbags. The following graph plots
3. Efficiency in the production possibilities model Suppose the fictional country of Yellowstone produces only two goods: rice and handbags. The following graph plots Yellowstone's current production possibilities frontier, and includes six different output combinations given by black points (plus symbols) labeled A to F. HANDBAGS (Millions) 100 80 60 PPF 40 20 0 + 20 E D 40 60 RICE (Millions of bushels) 100 Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply. Point Inefficient Efficient Unattainable. A B C D E F
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