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c) The PPF is bowed outward due to the law of increasing opportunity costs. Imagine you are producing at point A in the graph of part a). There you produce only grapes using all of your land. Now you want to consider raising 200 llamas (which means moving to point B). To
THE ECONOMIC PROBLEM 27 2. INEFFICIENT PRODUCTION POINTS : Points within the PPF curve are attainable but are ineffi-cient. These production point occur whenever some inefficiency or misallocation emerges within the economy, such as excessive unemployment of any resource or an inefficient use of resources. Points beyond the PPF are