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Question
An economy achieves "productive efficiency" at point __________.
An economy achieves "productive efficiency" at point __________.
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Solution
The correct option is B c
"Productive efficiency" means goods produced at any points on the PPC that is point "c" and when an economy produced on the PPC curve then we can say that goods
and services are produced at least cost and no resources are wasted.
"Productive efficiency" means goods produced at any points on the PPC that is point "c" and when an economy produced on the PPC curve then we can say that goods and services are produced at least cost and no resources are wasted.
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