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motikmotik
3 years ago
9

In a competitive market, all of the choices along the production possibility frontier display .efflctency, whrle the spectfic chor

ce on the frontier that socrety picks us the one With effictency.O Productive; AllocativeO Allocative; ProductiveO Allocatlve; AlocativeO Productive; Productive
Business
1 answer:
Alja [10]3 years ago
8 0

Answer:

Productive; Allocative

Explanation:

The production possibility frontier shows the various combinations of two products that a limited resource.can produce.

So in competitive markets any choice along the PPF shows productive efficiency (where increased production of one good leads to reduced production of the other).

A specific choice by society on the PPF is allocatively efficient (concerned with consumer satisfaction, consumers choose which good will most satisfy them).

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allsm [11]

Answer:

0.063

Explanation:

Given

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