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Use a production possibilities frontier to describe the idea of efficiency

Chapter 2, Problem Questions for Review 2.7

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QUESTION:

Use a production possibilities frontier to describe the idea of efficiency.

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QUESTION:

Use a production possibilities frontier to describe the idea of efficiency.

ANSWER:

Step 1 of 2

Production possibilities frontier is reflected by a curve representing the combination of goods produced by the manufacturer with the given resources inside the nation.

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