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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 8
Problem 8
If a point lies on the PPF curve, what can be said about its attainability and efficiency?
A
It is unattainable but efficient.
B
It is attainable and productively efficient.
C
It is attainable but inefficient.
D
It is unattainable and inefficient.
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