Figure 2-8
-Refer to Figure 2-8.Inefficient production is represented by which point(s)?
A)K,M
B)L
C)L,M

Name: Figure 2-8 -Refer to Figure 2-8.Inefficient production is represented by which point(s)? A)K,M B)L C)L,M
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Question

Figure 2-8 
-Refer to Figure 2-8.Inefficient production is represented by which point(s)?
A)K,M 
B)L 
C)L,M

Quizplus · Accepted Answer

Point M represents inefficient production because it lies inside the production possibilities frontier, indicating that resources are not being fully utilized.

Figure 2-8 -Refer to Figure 2-8.Inefficient Production Is Represented by Which Point(s)