Asked by John
A B C D E
Automobile 0 2 4 6 8
Forklifts 30 27 21 12 0
If the economy characterized by this production table and curve were producing 3 auto and 20 forklifts, what could you conclude about its use of its available resources?
Automobile 0 2 4 6 8
Forklifts 30 27 21 12 0
If the economy characterized by this production table and curve were producing 3 auto and 20 forklifts, what could you conclude about its use of its available resources?
Answers
Answered by
Marth
As 3 automobiles fits between (2 autos, 27 forklifts) and (4 autos, 21 forklifts) but 20 forklifts is less than 21, you can conclude that the economy is producing below its maximum output.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.