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

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03-06-2021
Business

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

Sagot :

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Priatouriidn Priatouriidn · Answer 1 · 2021-06-04T21:02:53-04:00

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.

Sagot :

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