All of the Points Inside a Production Possibilities Frontier Are

question 132

Multiple Choice

All of the points inside a production possibilities frontier are ____; all of the points on the production possibilities frontier are ____.

• A)efficient; inefficient
• B)inefficient; efficient
• C)attainable; unattainable
• D)rational; zero-cost
• E)unattainable; efficient

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Definitions:

RFP

Request for Proposal; a document issued by an organization to solicit proposals from potential suppliers or service providers.

New Specifications

Updated or newly established requirements or criteria for the design, performance, or construction of a product or system.

Straight Rebuys

A purchasing situation in which a buyer reorders an existing product or service from the list of acceptable suppliers without seeking new information or investigating other suppliers.

Sales Rep

A professional responsible for selling a company’s products or services, often directly engaging with potential buyers to generate sales.