Which Point Represents An Inefficient Use Of Resources? Point X represents an inefficient use of resources, while point Y represents a goal that the economy simply cannot attain with its present levels of resources. Which points are inefficient? Points that lie strictly to the left of the curve are said to be inefficient, because existing
Which Points On The PPF Are Productively Efficient? Productive efficiency means that, given the available inputs and technology, it’s impossible to produce more of one good without decreasing the quantity of another good that’s produced. All choices along the PPF in Figure 1, such as points A, B, C, D, and F, display productive efficiency.
What Does Inefficiency Inside The PPF Curve Mean? What does inefficiency inside the PPF curve mean? It implies to the point where we had resources, but we didn’t use them efficiently. Why points inside the PPF are inefficient? Any point inside the PPF, such as point ‘X’ is said to be inefficient because output could
What Is An Inefficient Point? Points that lie strictly to the left of the curve are said to be inefficient, because existing resources would allow for production of more of at least one good without sacrificing the production of any other good. … At any such point, more of one good can be produced only
What Are The Attainable Production Points On A Production Possibility Curve? Any point that lies either on the production possibilities curve or to the left of it is said to be an attainable point: it can be produced with currently available resources. What are the points that are attainable in the production possibility frontier? All