Figure 2-2 Figure 2-2 above shows the production possibilities frontier for Vidalia,a nation that produces two goods,roses and orchids.
-Refer to Figure 2-2.If Vidalia chooses to produce 80 dozen roses,how many orchids can it produce to maximize production?

Question

Figure 2-2  Figure 2-2 above shows the production possibilities frontier for Vidalia,a nation that produces two goods,roses and orchids.
-Refer to Figure 2-2.If Vidalia chooses to produce 80 dozen roses,how many orchids can it produce to maximize production?

Quizplus · Accepted Answer

To maximize production, Vidalia should produce at a point on its production possibility frontier. If producing 80 dozen roses, the maximum number of orchids it can produce is 48 dozen, as indicated by the production possibility curve in Figure 2-2.

Figure 2-2 Figure 2-2 Above Shows the Production Possibilities