Concept #1: Understanding the PPF
Example #1: PPF - Attainable and Efficient
Practice: A point inside the production possibilities frontier is
Practice: The economy of Clutchtopia can be summarized as seen on the PPF below. Consider the production mixes denoted alongside the graph. Mark the levels of production as Attainable (A) or Unattainable (U). If production is attainable, mark the level of production as Efficient (E) or Inefficient (I).