-In the figure above,
A) moving from point a to point b would require new technology.
B) opportunity costs are decreasing.
C) production at point b is efficient whereas production at point a is not efficient.
D) some resources must be unemployed at point c.

Question

-In the figure above,
A) moving from point a to point b would require new technology. 
B) opportunity costs are decreasing. 
C) production at point b is efficient whereas production at point a is not efficient. 
D) some resources must be unemployed at point c.

Quizplus · Accepted Answer

Point b is on the production possibility frontier, indicating efficient production, while point a is inside the frontier, indicating inefficiency.

-In the Figure Above