Answer in Microeconomics for Natasha #175207

Using a properly laballed production possibility frontier, distinguish between maximum attainable combinations, attainable but inefficient combinations of the production of rice and maize

By doing so, it defines productive efficiency in the context of that production set: a point on the frontier indicates efficient use of the available inputs (such as points B, D and C in the graph), a point beneath the curve (such as A) indicates inefficiency, and a point beyond the curve (such as X) indicates