**Table 1****Production choices for Billie’s Bedroom Shop**| Choice | Quantity of Pillows Produced | Quantity of Blankets Produced ||--------|-----------------------------|-------------------------------|| A | 36 | 0 || B | 27 | 7 || C | 18 | 14 || D | 9 | 21 || E | 0 | 28 |**Refer to Table 1.** Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 5 pillows and 21 blankets would appear:- ○ along Billie's production possibilities frontier.- ● inside Billie's production possibilities frontier.- ○ outside Billie's production possibilities frontier.- ○ at the vertical intercept of Billie's production possibilities frontier.**Explanation:**The table outlines different production choices for Billie’s Bedroom Shop, which only manufactures pillows and blankets. Each choice represents a different allocation of production resources between the two goods, demonstrating the trade-offs and opportunity costs associated with each production level.- **Choice A** prioritizes maximum pillow production with zero blankets.- **Choice E** focuses entirely on blanket production with no pillows.- Choices B, C, and D illustrate various mixed production possibilities.The options provided in the question relate to the concept of the production possibilities frontier (PPF). A combination of 5 pillows and 21 blankets is considered "inside" Billie's PPF, indicating underutilized resources or inefficiency in production.

Table 1 Production choices for Billie's Bedroom Shop Choice A B C D E Quantity of Pillows Produced 36 27 18 9 0 Quantity of Blankets Produced 0 7 14 21 28 Refer to Table 1. Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 5 pillows and 21 blankets would appear along Billie's production possibilities frontier. inside Billie's production possibilities frontier. outside Billie's production possibilities frontier. at the vertical intercept of Billie's production possibilities frontier.

Table 1 Production choices for Billie's Bedroom Shop Choice A B C D E Quantity of Pillows Produced 36 27 18 9 0 Quantity of Blankets Produced 0 7 14 21 28 Refer to Table 1. Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 5 pillows and 21 blankets would appear along Billie's production possibilities frontier. inside Billie's production possibilities frontier. outside Billie's production possibilities frontier. at the vertical intercept of Billie's production possibilities frontier.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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