Question
When a point is on the production possibilities curve, how can we interpret this point compared to points inside the curve? Group of answer choices
When a point is on the production possibilities curve, how can we interpret this point compared to points inside the curve?
Group of answer choices
It is less efficient than all other points
It is equally efficient as all other points.
It is more efficient than the other points.
It is not obtainable or possible.
It is not efficient.
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
