The following table and production possibilities frontier provide information aboutthe production possibilities of Apple, a manufacturer of electronics. Use it toanswer questions 15-19.Point iPhone iPod TouchA---100200300400500420400360300iPhone 600200050004003002001000Apple's Production Possibilities100OBA200 300 400 500 600iPod Touch #17 Which point represents a production possibility that is possible butinefficient?O AO EO HIPod TouchesG# 18 Which point represents a production possibility that is most efficienaper to produce then iPhoneS

Answered: #17 Which point represents a production…

#17 Which point represents a production possibility that is possible but inefficient? O A O Ο H O G #18 Which point represents a production possibility that is most effici

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.

Question

The following table and production possibilities frontier provide information about
the production possibilities of Apple, a manufacturer of electronics. Use it to
answer questions 15-19.
Point iPhone iPod Touch
A
---
100
200
300
400
500
420
400
360
300
iPhone 600
200
0
5000
400
300
200
100
0
Apple's Production Possibilities
100
O
B
A
200 300 400 500 600
iPod Touch

#17 Which point represents a production possibility that is possible but
inefficient?
O A
O E
O H
IPod Touches
G
# 18 Which point represents a production possibility that is most efficien
aper to produce then iPhoneS

Expert Solution

Step 1

There are two types :-

Attainable:- points on the ppf and below ppf

Unattainable:- Point beyond ppf.

Step by step

Solved in 2 steps

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