Question: The following questions refer to the diagram below. (Assume a given state of technology and a given total of resources.) Guns (000s) 00 Butter

The following questions refer to the diagram below. (Assume a given state

The following questions refer to the diagram below. (Assume a given state of technology and a given total of resources.) Guns (000s) 00 Butter (tons) (a) What is the curve in the graph called? (1) (b) What point(s) on the diagram is/are the best that can be achieved, ceteris paribus? (1) (c) Why would point D be unattainable? (1) (d) At which point(s) are resources not fully employed? (1) (e) Which area of the graph indicates efficiency? (1)

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