Question

Use the figure given to answer Questions.
Which points on or around PPF solve the problem of allocation of resources?

• A. Points $A,B,P$ and $P_1$
• B. Point $M$
• C. Point $N$
• D. None of the above

Answer 1

The correct option is A Points $A,B,P$ and $P_1$

Points $A,B,Pand{P}_1$ will solve the problem of choice or problem of allocation of resources to its alternative uses with the given resource and technology in an efficient manner.