Asked by Journey La'Tore on May 21, 2024
Verified
A point lying beyond the utilities possibilities frontier is:
A) unattainable.
B) efficient.
C) inefficient.
D) profitable.
Utilities Possibilities Frontier
A graphical representation that shows the maximum amount of two different utilities that can be achieved with a given set of resources.
Unattainable
Refers to goals, objectives, or levels of production that cannot be achieved with the current availability of resources or technology.
- Interpret the relevance of locations on, inside, and external to the utilities possibilities curve concerning efficiency, equity, and viability.
Verified Answer
SK
Susanta KumarMay 21, 2024
Final Answer :
A
Explanation :
A point beyond the utilities possibilities frontier is unattainable, as it is outside the range of feasible options given the available resources and technology.
Learning Objectives
- Interpret the relevance of locations on, inside, and external to the utilities possibilities curve concerning efficiency, equity, and viability.
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