Efficient production is determined by the production possibilities curve, with the point beyond the curve indicating higher economic growth.
Efficient production: To determine whether producing 30 units of consumer goods and 1 unit of capital goods is efficient, we need to consider the production possibilities curve. If this combination falls on the curve, it is efficient as resources are fully utilized. If it's inside the curve, there is underutilization, and outside means unattainable with current resources.
Economic growth: Point C would lead to higher economic growth. This is because it represents a point beyond the current production capacity, indicating growth potential. Point B, closer to the curve, shows a production level already being achieved, limiting further growth.
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