Figure 3-1
Peru's Production Possibilities Frontier
-Refer to Figure 3-1.If the production possibilities frontier shown is for 40 hours of production,then how long does it take Peru to make one ruby?
A)1/6 hour
B)1/5 hour
C)5 hours
D)6 hours

Question

Figure 3-1
Peru's Production Possibilities Frontier 
-Refer to Figure 3-1.If the production possibilities frontier shown is for 40 hours of production,then how long does it take Peru to make one ruby?
A)1/6 hour 
B)1/5 hour 
C)5 hours 
D)6 hours

Quizplus · Accepted Answer

The production possibilities frontier shows that Peru can produce 6 rubies or 5 emeralds in 40 hours. So, it takes Peru 1/6 hour to make one ruby.

Figure 3-1 Peru's Production Possibilities Frontier