Figure 3-1

-Refer to Figure 3-1.Suppose Paul must work 2 hours to produce each bushel of corn.Then Paul's production possibilities frontier is based on how many hours of work?
A)0.2 hours
B)5 hours
C)10 hours
D)20 hours

Question

Figure 3-1
 
-Refer to Figure 3-1.Suppose Paul must work 2 hours to produce each bushel of corn.Then Paul's production possibilities frontier is based on how many hours of work?
A)0.2 hours 
B)5 hours 
C)10 hours 
D)20 hours

Quizplus · Accepted Answer

To produce each bushel of corn, Paul must work 2 hours. Therefore, his production possibilities frontier is based on how many hours of work he has available. If he has 20 hours of work available, then he can produce a maximum of 10 bushels of corn (since 2 x 10 = 20 hours). Therefore, the best choice is D) 20 hours, as it represents the maximum amount of work available for Paul to produce corn.

Figure 3-1 -Refer to Figure 3-1.Suppose Paul Must Work 2 Hours to Work