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 this country has an open economy, Silvia and Art can get ________ pounds of beef in exchange of a computer.

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 this country has an open economy, Silvia and Art can get ________ pounds of beef in exchange of a computer.

Quizplus · Accepted Answer

The Answer of 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 this country has an open economy, Silvia and Art can get ________ pounds of beef in exchange of a computer.

The Following Graph Shows the Production Possibilities Curve for the Economy