The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year. If both Art and Silvia worked full-time producing beef, how many pounds of beef can they produce per year?

Question

The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.  If both Art and Silvia worked full-time producing beef, how many pounds of beef can they produce per year?

Quizplus · Accepted Answer

Silvia would produce 50 pounds of beef per week × 40 weeks per year = 2,000 pounds of beef. Art would produce 100 pounds of beef per week × 40 weeks per year = 4,000. So the total amount of beef produced would be 6,000 pounds of beef.

The Following Graph Shows the Production Possibilities Curve for the Economy