If Production Point Is Inside the Production Possibilities Frontier

question 268

Multiple Choice

If production point is inside the production possibilities frontier

• A) it is not possible to produce more of both goods.
• B) production is inefficient.
• C) in order to produce more of one good, less of the other must be produced.
• D) production is in the "unattainable" region.

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Definitions:

K

In the context of chemistry, often represents the equilibrium constant, symbolizing the ratio of product concentrations to reactant concentrations at equilibrium.

pH

A numeric scale used to specify the acidity or basicity (alkalinity) of an aqueous solution, with 7 being neutral, values below 7 acidic, and above 7 basic.

K

The symbol for potassium, a chemical element of atomic number 19, essential for living organisms.

[HCO3-]

The chemical formula for bicarbonate, an anion involved in the buffering of pH in biological systems.