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Question 2 Unsaved A point inside a production possibilities curve indicates which of the following Question...

Question 2 Unsaved A point inside a production possibilities curve indicates which of the following Question 2 options: a) An efficient use of resources b) A level of production that is unattainable c) An inefficient use of resources d) None of the above

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Answer #1

Answer : c ) An inefficient use of resources

Explanation:

The points inside the production possibilities curve show inffeicient use of resources beause resources or factors of production are under utilised. If the availabe resources are utilised in a better way ( combinations ) then the production level will increase.

A point outside the PPC indicates that it is unattainable level of production with the limited resources.

A point on the PCC indicates optimum or better utilisation of available resources for optimum level of production

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