if an economy is producing efficiently, then

30. b. it is possible to produce more of both goods without increasing the quantities of inputs that are being used. d it is not possible to produce more of any good at any cost. c. it is possible to produce more of one good without producing less of another good. b there is no way to produce more of one good without producing less of another good. Production Possibility Curve is a graphical representation of alternative production possibilities facing an economy. A market is efficient if the maximum amount of goods and services are being produced with a given level of resources, and if no additional output is possible without increasing the number of inputs. C - is true in case if economy is producing inside PPC (but it might cost more inputs and/or loss of efficiency). It Is Possible To Produce More Of Both Goods Without Increasing The Quantities Of Inputs That Are Being Used. b it is possible to produce more of both goods without increasing the quantities of inputs that are being used. it is possible to produce more of one good without producing less of another good. In the graph below, we can see that, at point A, the economy has three options if it begins to produce more efficiently. d it is possible to produce more of one good without producing less of the other. Browse All Courses Explore over 4,100 video courses. If An Economy Is Producing Efficiently, Then O A There Is No Way To Produce More Of One Good Without Producing Less Of Another Good. An economy operates more efficiently by producing that mix. A - is true if economy is producing on highest possible potential (economy will be on PPC - not inside of it). If an economy is producing efficiently, then a. there is no way to produce more of one good without producing less of another good. A PPC is a graphical illustration of all combination of goods and services that can be produced in a given economy at a given time, if all the available resources in the economy are fully and efficiently employed. Some land is … B. c it is not possible to produce more of any good at any cost. c it is possible to produce more of one good without producing less of another good. O it is possible to produce more of both goods without increasing the quantities of inputs that are being used. If an economy is producing efficiently, then a it is possible to produce more of both goods without increasing the quantities of inputs that are being used. In economics, market efficiency refers to a degree to which market prices reflect all available and relevant information. If an economy is producing a combination of goods that places it inside the production possibilities curve then it has: idle factors of production or inefficient use of resources. 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