Figure 2-23
-Refer to Figure 2-23. If this economy uses all its resources in the dishwasher industry, it produces 35 dishwashers and no doghouses.

Question

Figure 2-23 
-Refer to Figure 2-23. If this economy uses all its resources in the dishwasher industry, it produces 35 dishwashers and no doghouses.

Quizplus · Accepted Answer

The production possibilities curve in Figure 2-23 shows the tradeoff between producing dishwashers and doghouses in this economy. If all resources are used to produce dishwashers, the economy can produce 35 dishwashers and no doghouses, as shown by the point on the x-axis where the production possibilities curve intersects.

Figure 2-23 -Refer to Figure 2-23. If This Economy Uses All Its