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Assume that China has a Production Possibility Frontier given by: 1600=8F+16C where F represents units of Food produced by China, and C represents units of
Assume that China has a Production Possibility Frontier given by: 1600=8F+16C where F represents units of Food produced by China, and C represents units of Clothing produced by China. If China produces 100 units of Food and 50 units of Clothing, which of the following is true? China is at a point of inefficiency, inside the Production Possibility Frontier. China is at a point of efficiency, on the Production Possibility Frontier This point is not currently attainable by China because it lies outside the Production Possibility Frontier None of the above
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