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.
Product A 0 10 20 30 40 50 60
Product B 51 50 46 39 29 16 0
(1 point)
Responses
No, the point is already on the production possibilities curve.
No, the point is already on the production possibilities curve.
Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
Yes, the production of product B can be increased to whatever value is desired.
Yes, the production of product B can be increased to whatever value is desired.
Yes, the production of product B can be increased up to 60 by decreasing the volume for product A.
No, the point is already on the production possibilities curve.
The answer is: Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
From the given information, we can see that the current production level is 30 units of product A and 39 units of product B. Looking at the table, it shows that at the current production level, the point (30, 39) is on the production possibilities curve.
To increase the production of product B, the firm can decrease the volume for product A. By doing so, they can move along the production possibilities curve towards the point (0, 51). Therefore, the production of product B can be increased up to 51 units by decreasing the volume for product A.