A Point Outside the Production Possibilities Curve

question 123

Multiple Choice

A point outside the production possibilities curve

• A)represents inefficient use of resources.
• B)may be due to unemployment.
• C)represents more resources than are currently available.
• D)is attainable if all resources are used efficiently.
• E)is not attainable regardless of the amount of resources.

---

Definitions:

Product Life Cycle

The stages a product goes through from development and introduction to decline and discontinuation in the market.

Functional Benefits

The practical or utilitarian advantages that a product or service offers to customers.

Perceptual Benefits

Perceptual Benefits refer to the subjective advantages a consumer perceives in a product or service, often based on brand image, aesthetics, or status.

Sustainability Benefits

Advantages related to environmental, economic, and social sustainability that contribute to long-term ecological balance, resource conservation, and equitable societies.