When a producer is acting efficiently:
A)they are producing at a point on their production possibilities frontier.
B)they are producing at a point on or under their production possibilities frontier.
C)they are producing only one good.
D)they are producing the good in which they have a comparative advantage.

Question

Quizplus · Accepted Answer

When a producer is acting efficiently, they are producing at a point on their production possibilities frontier, which represents the maximum output possibilities given available resources and technology.

When a Producer Is Acting Efficiently