on: 1 pt 5 of 7 (4 complete) This This Quiz:7 pts p The figure to the right show

Question

on: 1 pt 5 of 7 (4 complete) This This Quiz:7 pts p The figure to the right shows the utility possibilities frontier for Mark and Monica Which allocations are efficient? O A. All of the allocations except A and G are efficient. O B. Allocation C is efficient O C. All of the allocations are efficient. O D. All of the O E. None of the allocations are efficient f Mark and Monica were at allocation B, which attainable allocation(s) would represent an allocation where both Mark and Monica would be better off? Mark and Monica would both be better off at except B and E are efficient. O A. allocation E. O B. allocation C. O C. allocation G Mark's Ubility D. O E. alocations C and D. none of the other allocations. allocation(s) would Mark be better off? Mark would be better off at

Explanation / Answer

Q1. Option D, point B represents inefficiency and point E is unattainable
Q2. Option D, as point C and D is close to B
Q3. Option D, since any point on the production possibility frontier is the efficient and attainable allocation, point D is does not need other allocations

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