Multiple Choice
Smallville has a linear production possibility frontier in the production of good X and good Y. It can produce 6 of X per hour or 8 of Y per hour. Suppose it has 240 hours of labor and divides labor hours equally between production of good X and good Y. What is the MAXIMUM amount of good Y it can produce?
A) 960
B) 30
C) 14
D) 6
Correct Answer:
Verified
Correct Answer:
Verified
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