Consider the production possibilities frontier displayed in the figure shown. Which points are efficient and attainable with existing resources?



A. Only point B.

B. Only point A.

C. Points A and D.

D. Points A, C, and D.


C. Points A and D.

Economics

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An unexpected drop in the growth rate of the CPI should send bond prices __________ and stock prices __________

A) up; up B) up; down C) down; up D) down; down

Economics

The primary source of funds for commercial banks is ________

A) securities B) Federal Reserve Banks C) loans D) deposits

Economics

What might cause a demand curve to shift to the right?

A. An increase in the price of a complement B. A decrease in the price of a substitute C. An increase in the price of a substitute D. An increase in the product's own price

Economics

Refer to the diagram showing the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's total cost:



A.  is $10.
B.  is $40.
C.  is $400.
D.  cannot be determined from the information provided.

Economics