Table 3-6
Assume that Hilda and Carlos can switch between producing quilts and producing dresses at a constant rate.

-Refer to Table 3-6.We could use the information in the table to draw a production possibilities frontier for Hilda and a second production possibilities frontier for Carlos.If we were to do this,measuring dresses along the horizontal axis,then
A) the slope of Hilda's production possibilities frontier would be -3 and the slope of Carlos' production possibilities frontier would be -2.
B) the slope of Hilda's production possibilities frontier would be -0.33 and the slope of Carlos' production possibilities frontier would be -0.5.
C) the slope of Hilda's production possibilities frontier would be 0.33 and the slope of Carlos' production possibilities frontier would be 0.5.
D) the slope of Hilda's production possibilities frontier would be 3 and the slope of Carlos' production possibilities frontier would be 2.

Question

Table 3-6
Assume that Hilda and Carlos can switch between producing quilts and producing dresses at a constant rate.
 
-Refer to Table 3-6.We could use the information in the table to draw a production possibilities frontier for Hilda and a second production possibilities frontier for Carlos.If we were to do this,measuring dresses along the horizontal axis,then
A) the slope of Hilda's production possibilities frontier would be -3 and the slope of Carlos' production possibilities frontier would be -2. 
B) the slope of Hilda's production possibilities frontier would be -0.33 and the slope of Carlos' production possibilities frontier would be -0.5. 
C) the slope of Hilda's production possibilities frontier would be 0.33 and the slope of Carlos' production possibilities frontier would be 0.5. 
D) the slope of Hilda's production possibilities frontier would be 3 and the slope of Carlos' production possibilities frontier would be 2.

Quizplus · Accepted Answer

The slope of each PPF is calculated as the opportunity cost of producing one good in terms of the other. For Hilda, the opportunity cost of producing one dress is 3/1=3 quilts. Therefore, the slope of Hilda's PPF is -3. Similarly, the opportunity cost of producing one dress for Carlos is 2/1=2 quilts. Thus, the slope of Carlos' PPF is -2. Since we are measuring dresses along the horizontal axis, the slopes would be measured in terms of dresses per quilt, which would be the inverse of the above values. Therefore, the slope of Hilda's PPF would be -1/3=-0.33 and the slope of Carlos' PPF would be -1/2=-0.5. Thus, the correct choice is B.

Table 3-6 Assume That Hilda and Carlos Can Switch Between Producing Quilts