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Utopia produces only two products: cheese and wine. The production levels are shown in the table below. Cheese Wine % inputs output % inputs output
Utopia produces only two products: cheese and wine. The production levels are shown in the table below.
Cheese | Wine | ||
% inputs | output | % inputs | output |
0 | 0 | 0 | 0 |
20 | 30 | 20 | 20 |
40 | 50 | 40 | 35 |
60 | 65 | 60 | 48 |
80 | 75 | 80 | 53 |
100 | 80 | 100 | 55 |
a. From this data, complete Utopia's production possibilities table below.
Possibility | A | B | C | D | E | F |
Cheese | 0 | Answer | Answer | Answer | Answer | Answer |
Wine | Answer | Answer | Answer | Answer | Answer | 0 |
b. Utopia Answercannotcan produce 65 cheese and 48 wine.
c. If Utopia is at D, the total cost of 10 more cheese isAnswer wine.
d. If Utopia is at D, the total cost of 13 more wine isAnswercheese.
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