Figure 2-14
-Refer to Figure 2-14.Given the technology available for manufacturing doghouses and dishwashers,this economy does not have enough of the factors of production to support the level of output represented by point C.

Question

Figure 2-14 
-Refer to Figure 2-14.Given the technology available for manufacturing doghouses and dishwashers,this economy does not have enough of the factors of production to support the level of output represented by point C.

Quizplus · Accepted Answer

Point C is beyond the production possibility frontier, which represents the maximum output an economy can produce with its available factors of production and technology. Therefore, it is true that the economy does not have enough factors of production to support the level of output at point C.

Figure 2-14 -Refer to Figure 2-14.Given the Technology Available for Manufacturing Doghouses