Question 3 Production possibilities Soda Pizza Possibility (cases per hour) (per hour) A 100 1 95 C 2 80 60 4 35 F In the above table, the production of 3 pizzas and 80 cases of soda is feasible but would involve unemployed or misallocated resources. possible only if there is inflation. O possible only if the econqmy produces with maximum efficiency. O impossible unless more resources become available or technology improves.
Question 3 Production possibilities Soda Pizza Possibility (cases per hour) (per hour) A 100 1 95 C 2 80 60 4 35 F In the above table, the production of 3 pizzas and 80 cases of soda is feasible but would involve unemployed or misallocated resources. possible only if there is inflation. O possible only if the econqmy produces with maximum efficiency. O impossible unless more resources become available or technology improves.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 3
Production possibilities
Soda
Pizza
Possibility
(per hour)
(cases per
hour)
A
100
B
1
95
80
D
3
60
E
4
35
In the above table, the production of 3 pizzas and 80 cases of soda is
O feasible but would involve unemployed or misallocated resources.
O possible only if there is inflation.
O possible only if the econcmy produces with maximum efficiency.
impossible unless more resources become available or technology improves.
Expert Solution
Step 1
The production possibility schedule provides information about the combination of two goods that can be generated potentially.
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