Question

Title-Production Possibility Frontier
Description:
i)Society's trade off between two goods-a clean
environment and the quantity of industrial output what
do you suppose determines the shape and position of
the frontier?Show inefficiency and unattainable points
with reference to PPF.​

Answer 1

Explanation:

We cannot determine which points are allocatively efficient without knowing ... This production possibilities frontier shows a tradeoff between devoting social ... In everyday usage, efficiency refers to lack of waste