If a given production combination is efficient, then it must be - 11547

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yousafbhutta

yousafbhutta

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  • From: , Microeconomics
  • Posted on: Sun 24 Jun, 2012
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If a given production combination is efficient, then it must be

  •  beyond the production possibilities curve.
  •  on the production possibilities curve.
  •  either an attainable or unattainable point.
  •  the best combination out of all possible combinations.

 

Solution Description

 

If a given production combination is efficient, then it must be

 

  •  beyond the production possibiliti