1.
Figure 2-9
Refer to Figure 2-9, Panel (a). Production at point B is
impossible and inefficient.
impossible but efficient.
possible but inefficient.
possible and efficient.
Panel (a) Panel (b)
Figure 2-9 Refer to Figure 2-9, Panel (a). Production at point B is impossible and inefficient.
impossible but efficient. possible but inefficient. possible and efficient.
Solution
Production at point B is possible but inefficient because all the points under PPC are inefficient
points since at these points resources are not fully utilised.