The economy in Figure 2 cannot produce at which point(s)? J J, L J, L, M...

Question

Question

W ECON 202 Test #1 SL x Bb ECON202_MT1_Onlir x 6 Take Test: ECON 202 x The Economy In Figu X Reler lo Figure 4, W X C Result

The economy in Figure 2 cannot produce at which point(s)?

business economics

Answer 1

Answer #1

Answer

PPF defines productive efficiency.

In this question, points K,M which are on ppf indicates efficient production

point M which is inside PPF indicates inefficiency

Whereas Point J And L which are above PPF indicates impossibility

Therefore Economy cannot produce at points J,L

Answer 2

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