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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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2. Introductory Economic Models / Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency / Problem 4
Problem 4
Given a PPF graph, if a point lies outside the curve, what does it represent?
A
A productively efficient production level.
B
An attainable production level with current resources.
C
An unattainable production level with current resources.
D
A point of allocative efficiency.
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