PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency

2. Introductory Economic Models / PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency / Problem 3

Problem 3

What is a productively efficient point on a PPF?

Any point where marginal cost equals marginal benefit

Any point inside the PPF

Any point on the PPF

Any point outside the PPF