Figure 3-3

-Refer to Figure 3-3. If the production possibilities frontier shown for Tanek is for 120 hours of production, then how long does it take Tanek to make one burrito?
A)0.1 hour
B)0.4 hour
C)3 hours
D)2.5 hours

Question

Figure 3-3
  
-Refer to Figure 3-3. If the production possibilities frontier shown for Tanek is for 120 hours of production, then how long does it take Tanek to make one burrito?
A)0.1 hour 
B)0.4 hour 
C)3 hours 
D)2.5 hours

Quizplus · Accepted Answer

Given the production possibilities frontier for Tanek, if 120 hours of production allow for the production of 300 burritos, then the time to make one burrito is calculated as 120 hours / 300 burritos = 0.4 hour per burrito.

Figure 3-3 -Refer to Figure 3-3. If the Production Possibilities Frontier Shown