Asked by Kayla Evelyn on Jul 24, 2024
Verified
Points outside the production possibilities frontier represent infeasible levels of production.
Production Possibilities Frontier
A graph that shows the highest possible production levels for two or more products based on certain input resources.
Infeasible Levels
Conditions or scenarios that cannot be achieved or realized due to practical or theoretical constraints.
- Separate the concepts of efficiency, inefficiency, and infeasibility in production outputs.
Verified Answer
BB
bridget brandaJul 27, 2024
Final Answer :
True
Explanation :
Points outside the production possibilities frontier (PPF) represent levels of production that are not attainable with the current resources and technology, making them infeasible.
Learning Objectives
- Separate the concepts of efficiency, inefficiency, and infeasibility in production outputs.