Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 2 - Part I - Thinking Like an Economist - Questions for Review: 7

Answer

Any point on the line of the production possibility frontier is efficient.

Work Step by Step

A point below the PPF means that resources are underemployed, and a better spot can be reached using the same number of inputs. A point above the PPF is impossible given the current level of inputs.
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