Answer to Question #204967 in Microeconomics for qianhe

Question

. Draw a graph that shows inefficient, efficient, and unattainable point on a production possibilities frontier.  Explain the production efficiency in production possibilities frontier

Answer 1

All points on the curve represent the highest levels of productivity.

Production efficiency is an economic term that describes the point at which an economy or organization can no longer produce more of one good without decreasing the production of another.