Production efficiency is achieved when
A) the ability is gained to produce goods and services that are desired beyond the PPF boundary
B) all goods and services desired by consumers can be produced in the economy
C) producing one more unit of one good cannot occur without producing less of some other good.
D) producing inside the production possibilities frontier

Question

Quizplus · Accepted Answer

Production efficiency is achieved when resources are allocated in such a way that producing more of one good would require sacrificing some of another good, which occurs on the production possibilities frontier (PPF).

Production Efficiency Is Achieved When