Use the following to answer questions :
Figure 1-1
-Relative to frontier A'E' in Figure 1-1, which of the following points is least efficient?
A)B'.
B)C'.
C)B.
D)C.
E)F.

Question

Use the following to answer questions :
Figure 1-1 
-Relative to frontier A'E' in Figure 1-1, which of the following points is least efficient?
A)B'. 
B)C'. 
C)B. 
D)C. 
E)F.

Quizplus · Accepted Answer

Point F is least efficient because it lies inside the production possibility frontier (PPF), indicating that resources are not being used to their full potential, unlike points on the PPF which represent efficient use of resources.

Use the Following to Answer Questions