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Design and analysis of the production possibilities curve Below is a table of production possibilities for a company that produces soda bottles and juice bottles (in thousands of units per week):
Production alternatives
Production type A B C D E F
Set of 8 soda bottles 0 4 10 15 19 22
12 juice box 58 56 48 32 16 0
1. Represent these data on a graph. Answer the following questions clearly and specifically. What specific assumptions are represented in this production possibilities curve?
b.I f a company is at point C, what is the opportunity cost of an additional set of soft drinks? From an extra juice box?
c. If the company characterized in this table produced 7 sets of 8 bottles of soda and 40 cases of 12 juices, what could be concluded about the use of available resources?
2. Is production currently possible at a point outside the production possibilities curve? Explain your answer.
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