The ________ Production Points on a Production Possibility Curve Are

question 47

Multiple Choice

The ________ production points on a production possibility curve are the points along and inside the production possibility frontier.

• A)attainable
• B)unattainable
• C)productively efficient
• D)allocatively efficient

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Definitions:

Direct Materials

Raw materials that are directly incorporated into the finished product and can be easily traced to it.

Ideal Standards

Standards that can be achieved only under perfect operating conditions, such as no idle time, no machine breakdowns, and no materials spoilage; also called theoretical standards.

Machine Breakdowns

Unplanned events where machinery or equipment fails to operate, potentially causing disruptions in production and incurred costs for repairs and maintenance.

Materials Spoilage

Products or components that are damaged, expired, or otherwise unable to be used in production, often leading to waste and financial loss.