Queen Manufacturing Corporation manufactures handbags and clutches for women. It has to figure out its production...
Queen Manufacturing Corporation manufactures handbags and clutches for women. It has to figure out its production possibilities in a 5-hour day. The following production schedule shows output levels based on the number of hours spent on each of the two tasks: Hours Spent on Handbags Number of Handbags Manufactured Hours Spent on Clutches Number of Clutches Manufactured 5 10 0 0 4 8 1 4 3 6 2 8 2 4 3 12 1 2 4 16 0 0 5 20 Using the multipoint curve drawing tool, draw a PPC of the Queen Manufacturing Corporation. Carefully follow the instructions above and only draw the required object. Which of the following points represents the most extreme trade-offs faced by the Queen Manufacturing Corporation? (Check all that apply.) A. 10 Handbags and 0 Clutches B. 0 Handbags and 20 Clutches C. 8 Handbags and 16 Clutches D. 10 Handbags and 20 Clutches A point on the graph that represents ▼ 6 handbags and 12 clutches 4 handbags and 12 clutches 4 handbags and 8 clutches is attainable and efficient. A point on the graph that represents ▼ 8 handbags and 4 clutches 6 handbags and 4 clutches 6 handbags and 8 clutches is attainable but inefficient. A point on the graph that represents ▼ 8 handbags and 4 clutches 8 handbags and 8 clutches 4 handbags and 8 clutches is unattainable.
Homework Answers
Most extreme trade-offs faced -
● A. 10 Handbags and 0 Clutches
● B. 0 Handbags and 20 Clutches
Reason- As these two points are on the horizontal and vertical axis.
A point on the graph that represents ▼ 4 handbags and 12 clutches is attainable and efficient.
Reason- This point lies on the PPF hence it is attainable and efficient.
A point on the graph that represents ▼ 6 handbags and 4 clutches is attainable but inefficient.
Reason- This point lies inside the PPF hence it is attainable and inefficient
A point on the graph that represents ▼ 8 handbags and 8 clutches is unattainable.
Reason- This point lies outside the PPF hence it is unattainable.
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