Following Is the Production Possibilities Schedule for an Economy Producing

Following is the production possibilities schedule for an economy producing two goods, Good A and Good B.Table 2.1

-Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y. If the quantity and quality of resources and the technology being used remain unchanged, then:

A) 3 units of X and 4 units of Y are a combination best represented by a point inside the production possibilities curve [PPC].
B) we can conclude that the society has moved along the PPC.
C) we can conclude that resources were being fully utilized at 3 units of X and 4 units of Y.
D) we can conclude that resources were being efficiently utilized at 3 units of X and 4 units of Y.
E) 3 units of X and 4 units of Y are a combination best represented by a point outside the PPC.

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