Producing at a point on production possibilities frontier

Assignment Help Business Economics

Reference no: EM131002591

If an economy is producing at a point on its production possibilities frontier, it is:

A: efficient in production and allocation

B: Not necessarily efficient in production or allocation

C: efficient in production but not necessarily in allocation

D: efficient in allocation but not necessarily in production

Reference no: EM131002591

Questions Cloud

Induce investors to utilize this expanded lending capacity : Suppose the Federal Reserve decided to purchase $10 billion worth of government securities in the open market. How will the lending capacity of the banking system be affected if the reserve requirement is 20 percent? How will banks induce investors t..

Used most effectively in a combined approach : Identify two males in Me tin' Library: one in which the business problem is researched using a qualitalive design and the other u quantitative design. Summarize each of Me research designs. Write a 350- to 700-word paper in which you compare and cont..

Consider firm where production depends on two inputs labor : Consider a firm where production depends on two inputs labor and capital with prices w and r, respectively. Initially the firm faces market prices of w = 4 and r = 8. These prices then shift to w = 8 and r = 8. What is your prediction for the firm's ..

Which components of the pension expense represent : Which components of the pension expense represent deferred recognition? Where are these deferred amounts reported prior to amortization?

Producing at a point on production possibilities frontier : If an economy is producing at a point on its production possibilities frontier, it is:

Two inputs in the production function labor : Suppose there are two inputs in the production function labor and capital and that this firm has a strange technology: the two inputs are perfect substitutes. The existing technology permits one machine to do the work of three people. The firm wants ..

Product different from those that shift the supply of labor : Why are the factors that shift the demand for a product different from the factors that shift the demand for labor? Why are the factors that shift supply of product different from those that shift the supply of labor?

Find difference between this momentum and classical momentum : What is the momentum of a 2600 kg satellite orbiting at 5.50 km/s? (anser in kg.m/s) Find the difference between this momentum and the classical momentum. (Hint: Use the approximation that γ = 1 + (1/2)v2/c2 at low velocities.)

Private market for the provision of health services : Canada has a private market for the provision of health services, and until about 1970, spent the same % of GDP as the US on healthcare. Since that time, however, the rate of healthcare inflation in Canada is far lower than in the US. Does this mean ..

User Account

All Pages