-The Above Figure Shows a Nation's Production Function

question 47

Multiple Choice

-The above figure shows a nation's production function. Point C is ________ and ________ because ________.

• A) unattainable; efficient; the nation would be using resources efficiently if it could attain this level of production
• B) attainable; efficient; the nation is using resources efficiently
• C) unattainable; inefficient; the nation is using resources inefficiently
• D) attainable; inefficient; the nation is using resources inefficiently
• E) unattainable; inefficient; the nation is using resources efficiently but it could be more efficient

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Definitions:

Office Supplies

These are consumable items used in an office environment for daily operations, including items like pens, paper, and staplers.

Pond Supplies Expense

The costs incurred for the maintenance or operational needs of a pond.

E-commerce

The buying and selling of goods and services over the internet, encompassing a variety of transactions, including online retail and electronic payments.

Business Purposes

The underlying reasons for which a company or an individual engages in business activities, typically to earn profits and achieve growth.