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Ivenika [448]
2 years ago
6

In a production possibilities​ frontier, a point inside the frontier is A. productively inefficient. B. productively and allocat

ively inefficient. C. allocatively efficient. D. productively efficient
Business
1 answer:
belka [17]2 years ago
7 0

Answer:

The correct answer is option A.

Explanation:

A production possibilities curve shows the maximum possible bundles of two goods, that an economy or firm can produce using its given resources and level of technology.  

A point on the production possibility curve is both productively as well as allocative efficient.  

A point below the frontier is allocatively efficient and attainable but productively inefficient.  

A point above the frontier is unattainable at the current level of resources and state of technology.

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3 years ago
A nation that has a comparative advantage in producing a good or service compared to
NNADVOKAT [17]

Answer:

Opportunity cost

Explanation:

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So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

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