Consider a company that produces Good A and Good B. The equation of the PPF is 14x² + 7y² = 11,900, wherex is the quantity of Good A and y is the quantity of Good B. This year, the company produces 20 units of Good A and 30 units of Good B. Then, a new technology allows the company to reduce the quantity of resources required for Good B by 3.5 times. How much of Good B will the company produce at the same quantity of Good A? Enter your answer in the box below and round to the nearest whole number if necessary.

Consider a company that produces Good A and Good B. The equation of the PPF is 14x² + 7y² = 11,900, wherex is the quantity of Good A and y is the quantity of Good B. This year, the company produces 20 units of Good A and 30 units of Good B. Then, a new technology allows the company to reduce the quantity of resources required for Good B by 3.5 times. How much of Good B will the company produce at the same quantity of Good A? Enter your answer in the box below and round to the nearest whole number if necessary.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter13: General Equilibrium And Welfare

Section: Chapter Questions

Problem 13.3P

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