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A point on the frontier of the production possibilities curve is?
Wiki User
∙ 11y ago
Attainable and the economy is efficient. The line is actually where one would produce at maximum efficiency if it were possible to work at perfect effociency. Although, since we are human and make mistakes, it is impossible for anyone to work at the maximum efficiency.
Wiki User
∙ 11y ago
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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
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
A point outside a production possibilities frontier is?
A point outside a PPC shows the problem of scarcity. A point outside the Production Possibility Curve shows a combination that cannot be attained because sufficient quantity of resources are not available to produce them.
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 would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
In a production possibilities frontier model a point inside the frontier is?
Attainable.
Where would a point of underutilization 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?
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
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
A point outside a production possibilities frontier is?
A point outside a PPC shows the problem of scarcity. A point outside the Production Possibility Curve shows a combination that cannot be attained because sufficient quantity of resources are not available to produce them.
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.
A point inside the production possibilities curve is.....?
Attainable, but the economy is inefficient.
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
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.
What does each point on a production possibilities curve show?
an efficient utilization of resources
