Figure 3-11
The graph below represents the various combinations of ham and cheese (in pounds) that the nation of Bonovia could produce in a given month.
-Refer to Figure 3-11. If the production possibilities frontier shown is for 240 hours of production, then how long does it take Bonovia to make one pound of cheese?
A)3/5 hour
B)3/4 hour
C)4/3 hours
D)5/3 hours

Question

Figure 3-11
The graph below represents the various combinations of ham and cheese (in pounds) that the nation of Bonovia could produce in a given month. 
-Refer to Figure 3-11. If the production possibilities frontier shown is for 240 hours of production, then how long does it take Bonovia to make one pound of cheese?
A)3/5 hour 
B)3/4 hour 
C)4/3 hours 
D)5/3 hours

Quizplus · Accepted Answer

To find how long it takes Bonovia to make one pound of cheese, we need to look for the point on the graph where they are producing one pound of cheese. This point falls on the production possibilities frontier where the cheese axis is at approximately 0.75 (between the 0.6 and 0.8 label). At this point, the ham axis is at approximately 1.25. Therefore, to produce one pound of cheese, Bonovia must give up 1.25 pounds of ham. If they have 240 hours of production, they must be producing at a rate of 1.25/240=0.0052 pounds of ham per hour. To produce one pound of cheese, they must give up 1.25 pounds of ham, which at a production rate of 0.0052 pounds per hour takes 1.25/0.0052=240.38 hours. Rounding to the nearest quarter hour, it takes Bonovia 0.75 hours (or 45 minutes) to make one pound of cheese.

Figure 3-11 the Graph Below Represents the Various Combinations of Ham and Ham