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.%0D%0A%0D%0A%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AYes, the production of product B can be increased to whatever value desired.%0D%0AYes, the production of product B can be increased to whatever value desired.%0D%0A%0D%0AYes, the production of product B can be increased up to 51 by decreasing the volume for product A.%0D%0AYes, the production of product B can be increased up to 51 by decreasing the volume for product A.%0D%0A%0D%0AYes, the production of product B can increase up to 60 by decreasing the volume for product A. %0D%0AYes, the production of product B can increase up to 60 by decreasing the volume for product A. %0D%0A%0D%0ANo, the point is already on the production possibilities curve.

Question

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.%0D%0A%0D%0A%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AYes, the production of product B can be increased to whatever value desired.%0D%0AYes, the production of product B can be increased to whatever value desired.%0D%0A%0D%0AYes, the production of product B can be increased up to 51 by decreasing the volume for product A.%0D%0AYes, the production of product B can be increased up to 51 by decreasing the volume for product A.%0D%0A%0D%0AYes, the production of product B can increase up to 60 by decreasing the volume for product A. %0D%0AYes, the production of product B can increase up to 60 by decreasing the volume for product A. %0D%0A%0D%0ANo, the point is already on the production possibilities curve.

Answer 1

To determine if the production of product B can be increased, we need to analyze the production possibilities curve provided in the table. Since the budget and time constraints of the small manufacturing firm are given, the current production levels of 30 units of product A and 39 units of product B need to be evaluated within these constraints.

Looking at the table, we can see that at the current production levels, the firm is not producing at the maximum capacity for either product A or product B. The maximum quantity of product A that can be produced within the budget and time constraints is 60 units, and the maximum quantity of product B that can be produced is 51 units.

Since the firm is currently producing 30 units of product A and 39 units of product B, it is operating below its maximum capacity for both products. Therefore, the production of product B can be increased without exceeding the constraints outlined in the budget and time limitations.

In conclusion, the correct response is: Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.