somheder For each point on the PPF, use the table below to indicate whether the point is attainable and efficient, attainable and intento n Production possibilities frontier a Good Y Good X Point Analysis Attainable and efficient : Attainable and inefficient : Attainable and efficient Attainable and inefficient Unattainable mo PPCs for increasing, decreasing and constant opportunity cost. ii. attainable but inefficient. This article will describe how to derive and draw a PPF given information from a table. The points that lie inside the PPC means that the actual production is falling short of its capabilities and there is a wastage or inefficient utilization of resources. Combinations that lie beyond the PPF are unattainable at the moment. A country would require an increase in factor resources, an increase in the productivity or an improvement in technology to reach this combination. Lesson summary: the production possibilities frontier. attainable and neither efficient nor inefficient. C. the Industrial Revolution. Trade between countries allows nations to consume beyond their own PPF. Economy can either operate on PPF or inside PPF, known as ‘Attainable Combinations’. 3. Attainable and Unattainable Combinations • Because the PPF shows the limits to production, it separates attainable combinations from unattainable ones. It means: i. The point of PPF that are attainable are called the attainable combinations. Economy cannot operate at any point outside PPF as it is unattainable with the available productive capacity. Question 10 The point where the PPF intersects the horizontal axis is Selected Answer: attainable and efficient. Attainable and Unattainable Combinations: Production levels to the left of the PPF are: A. attainable but efficient. C. unattainable and efficient. D. unattainable and inefficient. Macroeconomics was developed to explain: A. the Great Depression. The production possibilities frontier (PPF for short, also referred to as production possibilities curve) is a simple way to show these production tradeoffs graphically. Chap 2 econ flashcards start studying chap 2 econ learn vocabulary terms and more with flashcards games and other study tools the unattainable points in a production possibilities best answer a the points outside the ppf the points inside the ppf on the ppf and along the axis are all attainable. The PPF separates attainable combinations from unattainable ones. Question 11 Productive efficiency implies that Selected Answer: gains are impossible in one area without losses in another. D. the Internet boom. B. jobless recoveries. Answers: unattainable. These tradeoffs are present both in individual choice and in the production decisions of entire economies.. Figure 3.2 shows attainable and unattainable combinations. The Production Possibilities Frontier . But, economy cannot operate outside PPF, known as ‘Unattainable Combina­tions’. Points outside the PPF (i.e. The points inside and on the PPF are attainable for the firm. Points outside the PPF such as point G are unattainable. The PPF simply shows the trade-offs in production volume between two choices. B. attainable but inefficient. This is the currently selected item. We could increase total output by moving towards the PPF. Point C), while preferable, are unattainable given constraints in resources and time. All choices along the curve shows production efficiency of both goods. Now, we can plot this table on a graph to obtain production possibility curve, which is shown in Figure-1: In Figure-1, the production possibility point’s g and h are attainable combinations, whereas c and e are unattainable combinations. attainable and efficient. 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