Use the following to answer question:
-(Scenario: Linear Production Possibility Frontier)Use Scenario: Linear Production Possibility Frontier.What is the maximum number of pairs of socks Largetown can produce?
A)40
B)20
C)2

Question

Use the following to answer question: 
-(Scenario: Linear Production Possibility Frontier)Use Scenario: Linear Production Possibility Frontier.What is the maximum number of pairs of socks Largetown can produce?
A)40 
B)20 
C)2

Quizplus · Accepted Answer

Given a linear production possibility frontier (PPF), the maximum number of any one good that can be produced is found at the point where all resources are allocated to the production of that good. The specific number (e.g., 40 pairs of socks) would be determined by the intercept of the PPF on the axis representing the production of socks, assuming the question stems from a graph or data not provided here.

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