Figure 3-4
Lisa's Production Possibilities Frontier
Bryce's Production Possibilities Frontier
-Refer to Figure 3-4.If the production possibilities frontier shown for Lisa is for 4 months of work,then how long does it take Lisa to produce one jacket?
A)1/4 month
B)1/2 month
C)2 months
D)4 months

Question

Figure 3-4
Lisa's Production Possibilities Frontier
Bryce's Production Possibilities Frontier  
-Refer to Figure 3-4.If the production possibilities frontier shown for Lisa is for 4 months of work,then how long does it take Lisa to produce one jacket?
A)1/4 month 
B)1/2 month 
C)2 months 
D)4 months

Quizplus · Accepted Answer

Lisa can produce 4 jackets in 4 months. So, it takes her 1/4 month to produce one jacket.

Figure 3-4 Lisa's Production Possibilities Frontier