When producing at a production efficient point,
A)we face a tradeoff and incur an opportunity cost.
B)our choice of the goods can be either on or within the production possibilities frontier.
C)we can satisfy our all wants.
D)the opportunity cost of another good is zero.

Question

Quizplus · Accepted Answer

At a production efficient point, resources are fully utilized, and producing more of one good requires sacrificing some of another, hence incurring an opportunity cost.

When Producing at a Production Efficient Point