Refer to the above diagram.The combination of computers and bicycles shown by point F:
A)is unattainable, given currently available resources and technology.
B)is attainable, but entails economic inefficiency.
C)is irrelevant because it is inconsistent with consumer preferences.
D)suggests that opportunity costs are constant.

Question

Refer to the above diagram.The combination of computers and bicycles shown by point F:
A)is unattainable, given currently available resources and technology. 
B)is attainable, but entails economic inefficiency. 
C)is irrelevant because it is inconsistent with consumer preferences. 
D)suggests that opportunity costs are constant.

Quizplus · Accepted Answer

Point F represents a combination that is technically possible, but not necessarily economically efficient. The resources that go into producing computers and bicycles could likely be better allocated elsewhere. This highlights the concept of opportunity costs, in which resources used for one activity are unavailable for other potential activities, and those other activities may be more beneficial overall.

Refer to the Above Diagram