Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

2. Introductory Economic Models / Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency / Problem 1

Problem 1

If a point lies inside the PPF curve, what does it represent?

An attainable but inefficient production level.

A productively efficient production level.

A point of allocative efficiency.

An unattainable production level.