mooretami1646 mooretami1646
  • 04-06-2021
  • Business
contestada

If your business is not efficient, where will your numbers fall on the Production Possibility Frontier?

Respuesta :

Priatouri Priatouri
  • 05-06-2021

Answer:

Inside the Production Possibility Frontier.

Explanation:

PPF is a curve that shows the various combination of 2 goods that an economy produces when resources are fixed. Thus, any point or bundle inside the production possibility frontier shows inefficiency in the production while the point on the production possibility frontier shows the efficient production from the available resources. But, the point outside the PPF exhibits a non-achievable point.

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