Question

Along the production possibilities frontier, the most efficient point of production depicted is:_______

Answer 1

Along the production possibilities frontier the efficient point of production frontier , the most efficient point of production depicted is all points on the production possibilities frontier are equally efficient.

Point that strictly lie on the left side of the curve that to be efficient because existing resources would allow for production of more of at least one good without sacrificing the production. The production of most efficient point which curve is the midpoint on the curve .

The base of the average total cost curve in which marginal cost equals average total cost. A formula that is used to measure the percentage of planned production, in order to reduce cost and optimize processes.

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