[Answer] In a PPF model a point ________ the frontier is productively ineffeicent.

Answer: inside
In a PPF model a point ________ the frontier is productively ineffeicent.
Production-Possibility Frontier delineates the maximum amount/quantities of outputs (goods/services) an economy can achieve given fixed resources (factors of production) and fixed technological progress. • Points that lie either on or below the production possibilities frontier/curve are possible/attainable: the quantities can be produced with currently available resources and technology.
Pareto efficiency – Wikipedia
Production–possibility frontier – Wikipedia
Production–possibility frontier – Wikipedia
Efficient frontier – Wikipedia
In economics productive efficiency is a situation in which an economy is not able to produce any more of one good without reducing the production of another good. As resources are limited it is not possible for more units of a good to be produced without taking away the resources used for producing another good. The concept of productive efficiency can be shown on a production possibility frontier where all points on the curve are productively efficient. Productive efficiency …
Wed Nov 30 2005 13:30:00 GMT-0500 (Eastern Standard Time) · In simple terms the concept is illustrated on a production possibility frontier (PPF) where all points on the curve are points of productive efficiency. An equilibrium may be productively efficient without b…

Leave a Reply