Q: A point inside a production possibilities frontier is?

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Point F violates the assumption of the production-possibility curve that resources and technology are not fixed. The curve is sometimes referred to as the productionâ??possibility frontier.

Basically the PPC represents the hypothetical amount of two different goods that could be obtained by using resources from the production of one for the production of the other. It also describes society's choice between two different goods. When a point is on the curve it means all the resources for those goods is at full employment, anything under the curve is at under-employment, and anything beyond the curve indicates potential growth.

Then the point is not outside the polygon...?

== == Inscribed is a polygon inside a circle with all points on a given point in the circle. Circumscribed is a circle inside a polygon with any given point touching just one point on the polygon. Hope this helped.

Breakeven Analysis is the process of categorizing costs of production between variable and fixed components and deriving the level of output at which the sum of these costs, referred to as total costs per unit become equal to sales revenue. The analysis helps to determine the 'Breakenev Point' from this point of equality of sales revenue with total costs. At the breakeven point, the production activity neither generates a profit nor a loss. Breakeven analysis is used in production management and Management Accounting.

Related questions

Attainable.

below or to the left of the production possibilities frontier

below or to the left of the production possibilities frontier

below or to the left of the production possibilities frontier

below or to the left of the production possibilities frontier

This represents a production point that could be achieved if there were suffecient resources available.

Attainable, but the economy is inefficient.

A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.

At any point of underutilization/any point inside of the curve

A point outside a PPC shows the problem of scarcity. A point outside the Production Possibility Curve shows a combination that cannot be attained because sufficient quantity of resources are not available to produce them.

Efficiency is greatest when diminishing returns is at its most efficient point. In a possibilities frontier if I have two items, I want to make sure I am not over-producing one item or the other because then my opportunity costs are high and that is inefficient.

It indicates that more output could be produced with available resources in that region.