Question

Which of the following represents an INEFFICIENT point of production?

Answer 1

The point that represents an INEFFICIENT point of production is point A.

The correct answer is an option (a)

In this question we have been given a graph of Skateboards vs. Bikes.

We need to find the point that represents an INEFFICIENT point of production.

Inefficient production means the economy can be producing more goods without using any additional resources.

In given production possibility curve, an INEFFICIENT point of production is point A.

Therefore, the point that represents an INEFFICIENT point of production is point A.

The correct answer is an option (a)

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