Solved

Tigris Produces Only Two Products: Tennis Balls and Tennis Racquets  Number of Workers Daily Production of \text { Number of Workers Daily Production of }

Question 122

Essay

Tigris produces only two products: tennis balls and tennis racquets. Each worker comes with a fixed quantity of materials and capital, and the economy's labour force is fixed at 100 workers. The following table indicates the amounts of balls and racquets that can be produced daily with various quantities of labour:  Number of Workers Daily Production of \text { Number of Workers Daily Production of }\quad  Number of Workers Daily Production of \text { Number of Workers Daily Production of }
 Tennis Balls  Racquets 00002080203040150405060200606580230807510025010080\begin{array}{c}\begin{array}{llll} &\quad\quad\quad \text { Tennis Balls }\quad\quad\quad &\quad\quad\quad\quad & \text { Racquets } \\\hline 0 &\quad\quad\quad\quad\quad 0 & 0 & 0 \\20 & \quad\quad\quad\quad\quad80 & 20 & 30 \\40 & \quad\quad\quad\quad\quad150 & 40 & 50 \\60 &\quad\quad\quad\quad\quad 200 & 60 & 65 \\80 &\quad\quad\quad\quad\quad 230 & 80 & 75 \\100 & \quad\quad\quad\quad\quad250 & 100 & 80 \\\hline\end{array}\end{array}
a) Can Tigris produce 200 balls and 60 racquets?
b) What is the total cost of producing 150 balls?
c) What is the total cost of producing 75 racquets?
d) If Tigris is currently producing 230 balls, what is the cost of an additional 20 balls?
e) If Tigris is currently producing 30 racquets, what is the cost of an additional 20 racquets?

Correct Answer:

verifed

Verified

a) No.
b) 15 racquet...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents