Figure 2-14
-Refer to Figure 2-14.This economy fully employs its resources when it produces 35 dishwashers and zero doghouses.

Question

Figure 2-14 
-Refer to Figure 2-14.This economy fully employs its resources when it produces 35 dishwashers and zero doghouses.

Quizplus · Accepted Answer

The point where the production possibility curve intersects with the horizontal axis shows the maximum output of one good that can be produced when all resources are used for that particular good. In this case, the economy can produce a maximum of 35 dishwashers and no doghouses, which means it is fully employing its resources.

Figure 2-14 -Refer to Figure 2-14.This Economy Fully Employs Its Resources When