The point​ (B, A) on Jill and​ Aiden's combined PPF satisfies A. Production efficiency B. Equilibrium C. Allocative efficiency D. All of the above

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Answer:

The question is incomplete but fortunately, i attached an image showing the complete question. In this regard, the answer to the question is option (A) - Production efficiency

Explanation:

It is very necessary to understand keywords used in the question such as what the acronym PPF stands for - Production Possibility Frontier or otherwise referred to as Production Possibility Curve. This curve shows various combinations of the amounts of two goods that can be produced or bought within the given available resources and technological know how. A PPF in general demonstrates several economic concepts such as  opportunity cost, allocative efficiency, economies of scale, productive efficiency etc.

Opportunity cost refers to the situation when one gives up something at the expense of another.

Resources on the other hand include: land (minerals, oil, animals, trees etc), labor( physical and mental skills delivered to produce goods and service), capital( equipment and structures employed), entrepreneurship (act of carrying out business activities effectively)

In line with question, productive efficiency means that all resources are fully utilized as long as one is producing on the PPF.  The point (B, A) on the graph depicts the slope of the PPF which in turn represents the opportunity cost of moving from one combination of goods to another.

Productive efficiency occurs at every point on the PPF curve. But every point on the same curve does not depict total efficiency.

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