The figure to the right illustrates the trade-offs facing Ford Motor Company. Th

Question

The figure to the right illustrates the trade-offs facing Ford Motor Company. The line in the graph is Ford's production possibilities frontier 12 If Ford uses all its resources to produce trucks, how many can it produce? 9 thousand trucks per day. (Enter a numeric response using a real number rounded to one decimal place.) 10- Suppose Ford is currently building 6 thousand cars per day. To build an additional 1 thousand cars, how many fewer trucks can be built? thousand fewer trucks per day. 4 PPF 01 2 3 4 5 6 7 8 9 10 11 12 13 14 Quantity of cars (1,000s per day) nter your answer in the answer box and then click Check Answer.

Explanation / Answer

If ford uses all its resources to produce trucks , then it can produce 9 thousands trucks per day.

Suppose ford is currently building 6 thousands cars per day. To build an additional 1 thousand cars, then 500 fewer trucks can be built per day. As we can see , when it produces 6 thousand cars, then it produces 7 thousand trucks . And when it produces (1 thousand more cars ) i.e 7 thousand cars , then it produces 6500 trucks.

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