Asked by Daylanie Flores on May 05, 2024
Verified
Refer to Figure 2-10. It is possible for this economy to produce 45 doghouses and 30 dishwashers.
Economy
The system by which goods and services are produced, distributed, and consumed within a particular geographical region.
- Comprehend the concept of the production possibilities frontier and its implications.
- Analyze efficient, feasible, and infeasible outcomes in the context of the production possibilities frontier.
Verified Answer
HF
Haven FreitasMay 11, 2024
Final Answer :
False
Explanation :
Without seeing Figure 2-10, it's impossible to determine the specific production capabilities it illustrates. However, the question seems to imply a scenario in a typical production possibility frontier (PPF), where combinations of two goods that an economy can produce are shown. If the statement claims a combination is possible and it's being questioned, it likely suggests that this combination is outside the economy's production possibility frontier, meaning the economy does not have the resources to produce 45 doghouses and 30 dishwashers at the same time.
Learning Objectives
- Comprehend the concept of the production possibilities frontier and its implications.
- Analyze efficient, feasible, and infeasible outcomes in the context of the production possibilities frontier.