Solved

If a Producer Is Operating at an Inefficient Point on a Production

Question 58

Multiple Choice

If a producer is operating at an inefficient point on a production possibilities curve using currently available resources, that producer:


A) cannot produce more of one good without giving up some of the other good.
B) can produce more of one good without producing less of the other good.
C) must be at an unattainable point on the production possibilities curve.
D) must be specializing in activities for which it has a comparative advantage.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions