A small manufacturing firm has two products that are produced using its in house 3-D printers. The budget and time constraints for this process give the production possibilities curve that is defined by the table below. If the company is currently producing 30 units of product A and 39 units of product B, can the production of product B be increased? Explain.

A. Yes, the production of product B can be increased up to 60 by decreasing the volume for product A.
B. Yes, the production of product B can be increased to whatever value is desired.
C. Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
D. No, the point is already on the production possibilities curve.

Question

21-09-2021
Business

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A small manufacturing firm has two products that are produced using its in house 3-D printers. The budget and time constraints for this process give the production possibilities curve that is defined by the table below. If the company is currently producing 30 units of product A and 39 units of product B, can the production of product B be increased? Explain.

A. Yes, the production of product B can be increased up to 60 by decreasing the volume for product A.
B. Yes, the production of product B can be increased to whatever value is desired.
C. Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
D. No, the point is already on the production possibilities curve.

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ewomazinoade ewomazinoade · Answer 1 · 2021-09-25T22:59:02+02:00

At the firm's current production level, the firm can increase the production of product B. The production of product B can be increased up to 51 by decreasing the volume for product A.

The production possibilities curve shows the various combination of the two products a firm produces.

The production possibilities curve is concave to the origin. This shows opportunity cost involved in production. Due to the fact that the factors required in the production of a good are limited, as more quantities of one good is produced, less of the other good would be produced.

Looking at the table, when the firm produces 51 units of product B, none of product A would be produced. When the frim reduces quantity of product B produced to 46, 20 units of product A would be produced (20).

To learn more about the production possibility curve, please check: https://brainly.com/question/13527380?referrer=searchResults