Utopla produces only two products: cheese and wine. The production levels are shown in the table below. X inputs 20 40 Cheese 60 80 100 output 156 40 67 87 160 187 X inputs 3 LITH 20 40 Ge 88 100 Possibility A B Cheese Wine Wine a. From this data, complete Utopla's production possibilities table below. 201 output 0 40 70 195 105 118 D S04E b. Utopla (Click to select) c. If Utopla is at D, the total cost of 13 more cheese is d. If Utopla Is at D. the total cost of 25 more wine is produce 87 cheese and 95 wine. vine. cheese. FY 13

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Utopla produces only two products: cheese and wine. The production levels are shown in the table below.
X inputs
0
20
40
60
Cheese
80
100
H
output
16
Possibility A
Cheese
Wine
67
87
160
187
3
X inputs
13
20
43
de
88
100
Wine
a. From this data, complete Utopla's production possibilitles table below.
output
Ø
1970
PL 95
105
118
D
0
b. Utopla (Click to select) produce 87 cheese and 95 wine.
c. If Utopla Is at D, the total cost of 13 more cheese is
d. If Utopia is at D. the total cost of 25 more wine is
Wine
cheese.
8
Transcribed Image Text:Utopla produces only two products: cheese and wine. The production levels are shown in the table below. X inputs 0 20 40 60 Cheese 80 100 H output 16 Possibility A Cheese Wine 67 87 160 187 3 X inputs 13 20 43 de 88 100 Wine a. From this data, complete Utopla's production possibilitles table below. output Ø 1970 PL 95 105 118 D 0 b. Utopla (Click to select) produce 87 cheese and 95 wine. c. If Utopla Is at D, the total cost of 13 more cheese is d. If Utopia is at D. the total cost of 25 more wine is Wine cheese. 8
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