Efficient production exists when the economy is: select one:

a. operating underneath its production possibility frontier.

b. operating on its production possibility frontier.

c. moving beyond its production possibility frontier.

d. operating outside its production possibility frontier.

Question

Marley Riggs

20 July, 01:55

+3

Answers (1)

Know the Answer?

Bryce Cummings · Answer 1

B is the answer. b is in simple terms efficient production. C and D simply represent beyond what a economy can currently produce.

Efficient production exists when the economy is: select one:a. operating underneath its production possibility frontier.b. operating on its production possibility frontier.c. moving beyond its production possibility frontier.d. operating outside its production possibility frontier.