On a Production Possibilities Frontier, When Is Production Efficient

question 136

Multiple Choice

On a production possibilities frontier, when is production efficient?

• A) if the production point is on the frontier
• B) if the production point is outside the frontier
• C) if the production point is on or inside the frontier
• D) if the production point is inside the frontier

---

Definitions:

Test Preparation

The process of studying and reviewing material, practicing skills, and familiarizing oneself with test formats and procedures prior to taking an exam.

Essay Section

A division or part of a written examination or paper focusing on the presentation of the writer's argument or point of view.

Thesis

A statement or theory that is put forward as a premise to be maintained or proved.

Math Tests

Standardized assessments or quizzes designed to evaluate a student's understanding and proficiency in mathematics.