If a Given Production Combination Is Efficient,then It Must Be

question 27

Multiple Choice

If a given production combination is efficient,then it must be

• A) beyond the production possibilities curve.
• B) possible to expand production of one good without lowering the amount of the other.
• C) on the production possibilities curve.
• D) either an attainable or unattainable point.
• E) the best combination out of all possible combinations.

---

Definitions:

For Deposit Only

An endorsement on a check indicating that it can only be deposited into an account, not cashed.

Converted

In legal and financial contexts, this refers to the change of one form of property or asset to another, such as converting bonds to stocks or a commercial building to residential use.

Indorser

A person who signs their name on a financial document, thereby transferring their rights in the document to another party.

Good Faith

Displaying truthfulness and genuineness without aiming to mislead or cheat.