the graph above, a movement from point D to Point B is A. a movement from an efficient point to an inefficient point. B. a movement from an efficient point to another efficient point. C. a movement from an inefficient point to another inefficient point. D. impossible, since the economy could never have been at point D in the first place.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 24RQ: What is a production technology?
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Question

In the graph above, a movement from point D to Point B is

A. a movement from an efficient point to an inefficient point.
B. a movement from an efficient point to another efficient point.
C. a movement from an inefficient point to another inefficient point.
D. impossible, since the economy could never have been at point D in the first place.
Corn
120,000
80,000
40,000
B
с
5,000
D
A
10,000
15,000
Robots
Transcribed Image Text:Corn 120,000 80,000 40,000 B с 5,000 D A 10,000 15,000 Robots
Expert Solution
Step 1

Production possibilities frontier is a combination of goods efficient and feasible to produce in the economy with the given resources.

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