Question

(Table: Production Possibilities Schedule) In the table, production of a combination of 3,500 iPads and 1,500 HDTVs:

iPads HDTVS
5,000 0
4,500 1,000
3,500 2,000
2,000 3.000
0 4,000
Ois unattainable.
O wasted resources.
O is accomplished at full employment.
O lies outside of the production possibilities frontier

Answer 1

The production of 3,500 iPads and 1,500 HDTVs is unattainable and lies outside the production possibilities frontier, indicating that producing this combination of goods exceeds the capacity of current resources.

Step-by-step explanation:

The production of a combination of 3,500 iPads and 1,500 HDTVs, according to the table provided, lies outside of the production possibilities frontier (PPF). The PPF represents different combinations of goods that can be produced with the available resources at the full capacity of production. When a point is on the PPF curve, it indicates full utilization of resources. However, any point outside the curve, such as the given combination of 3,500 iPads and 1,500 HDTVs, is unattainable with the current resources and technology. Such a point reflects the unattainability aspect of the PPF, illustrating that the production exceeds the capacity of the resources.

Answer 2

A production possibilities curve, or frontier, shows the different combinations of goods that can be produced given a set number of resources. In the table given, the production of 3,500 iPads and 1,500 HDTVs lies outside of the production possibilities frontier.

Step-by-step explanation:

A production possibilities curve, or frontier, is a tool used to demonstrate how productive one can be in making two goods with a set number of resources. It shows the different combinations of goods that can be produced given the current resources. In the table given, the production of 3,500 iPads and 1,500 HDTVs lies outside of the production possibilities frontier, which means it is unattainable with the given resources.