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below or to the left of the production possibilities frontier

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Forrest Brakus

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3y ago

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Related Questions

Where were the point of underutilization appear on a production possibilities graph?

no


Where would a point of underutilization appear on a product possibilities graph?

below or to the left of the production possibilities frontier


Where on a production possibilities curve an economy working below its most efficient production levels is shown?

At any point of underutilization/any point inside of the curve


Where would a point of under utilization appear on a production possibilities?

below or to the left of the production possibilities frontier


Where would a point of under utilization appear on a production possibilities graph?

below or to the left of the production possibilities frontier


A production point beyond the production possibilities frontier represents what?

This represents a production point that could be achieved if there were suffecient resources available.


In a production possibilities frontier model a point inside the frontier is?

Attainable.


A point inside the production possibilities curve is.....?

Attainable, but the economy is inefficient.


What does each point on a production possibilities curve show?

an efficient utilization of resources


A point that lies outside a country's production possibilities curve mean what?

A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.


Where on a production possibilities curve the economy working at its most efficient production levels?

Any point on the PPC curve


What does a point inside a production possibilities curve represent?

A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.