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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
On a PPF graph, point A is on the curve, and point B is inside the curve. Which point represents productive efficiency?
A
Neither point represents productive efficiency.
B
Point A represents productive efficiency.
C
Point B represents productive efficiency.
D
Both points represent productive efficiency.
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