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The figure shows the production possibilities frontier for Mario's, a pizza and pasta producer. Draw a point at which the firm achieves production efficiency,
The figure shows the production possibilities frontier for Mario's, a pizza and pasta producer. Draw a point at which the firm achieves production efficiency, Label it Efficient. Draw a point that is attainable but inefficient. Label it Inefficient. When production is efficient, OA the firm can produce more pasta only by producing less pizza OB. the firm can produce more pasta without producing less pizza OC. there is no tradeoff between pizza and pasta OD. some resources are unused or misallocated 100 90- 80 70- 60 50- 40 30- 20 10- Pasta dishes (per hour) B Pizzas (per hour) PPF 10 >>> Draw only the objects specified in the question,
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