Using the PPF graph below identify the points that are attainable with current resources.

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BlackTom AI · Accepted Answer

To identify which points on the PPF are attainable with current resources, start by understanding the frontier: points on or inside the production possibilities frontier (PPF) are feasible, given current resources and technology, while points outside are not.

Option by option analysis:

- i, j, and k: If any option lies beyond the PPF, it would be unattainable. In the graph, point k lies above the blue frontier line, indicating a combination that would require more resources than are currently available. Therefore, k is not attainable with current resources.

- i: Point i appears interior to the frontier. Being inside the curve means you can produce this combination using less than or equal to your available resources. So i is attainable.

- j: Point j also lies inside the frontier, though closer to the line than i. Since it is not on the frontier itself but still inside the feasible region, it can be produced with current resources. Therefore, j is attainable.

- i and j: Since both i and j are attainable individually, and there is no indication that combining them would require more resources than are available (the interior of the PPF represents feasible trade-offs), the pair {i, j} is also feasible under current resource constraints.

A common misconception would be to treat interior points as somehow inefficient or impossible, but on a PPF diagram, interior points simply reflect underutilization or alternative combinations that still fit within resource limits. Conversely, assuming k is attainable would require misreading the frontier as extending beyond its current line, which the graph does not support.

In summary, evaluating each marked point against the PPF shows that i and j are feasible with current resources, while k is not, and the combination i and j remains feasible since both lie within the attainable region.

ECON 2002.01 AU2025 (21333) Final Exam- Requires Respondus LockDown Browser

Using the PPF graph below identify the points that are attainable with current resources.

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