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Look at the scenario Linear Production Possibility Frontier. What is the maximum number of pairs of socks Largetown can produce? A) 40 B) 20 C) 2 D) 4
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Look at the scenario Linear Production Possibility Frontier. What is the maximum number of pairs of socks Largetown can produce?

A) 40
B) 20
C) 2
D) 4

User SidMorad
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1 Answer

5 votes

Answer:

A) 40

Step-by-step explanation:

The chart is not very clear, but the information included is:

  • it takes four hours to produce one shirt
  • it takes two hours to produce one pair of socks

If the total number of labor hours is 80, then the maximum number of socks produced will = 80 hours / 2 hours per pair of socks = 40 pairs of socks

The total number of shirts produced would be 20.

Look at the scenario Linear Production Possibility Frontier. What is the maximum number-example-1
User Ptrn
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