-Point C on the production possibilities frontier in the above diagram illustrates
A) all goods and services that are desired but cannot be produced due to scarce resources.
B) a point with maximum and efficient production of Goods A and Goods B
C) an underutilization of resources
D) a combination of goods and services that cannot be produced efficiently

Question

-Point C on the production possibilities frontier in the above diagram illustrates
A) all goods and services that are desired but cannot be produced due to scarce resources. 
B) a point with maximum and efficient production of Goods A and Goods B 
C) an underutilization of resources 
D) a combination of goods and services that cannot be produced efficiently

Quizplus · Accepted Answer

Point C on the production possibilities frontier represents a combination of Goods A and Goods B that is produced with maximum efficiency, utilizing all available resources.

-Point C on the Production Possibilities Frontier in the Above