Vistakon makes Acuvue TruEye and Acuvue Moist contact lenses. The following is Vistakon’s production possibilities frontier (PPF) for the two kinds of contact lenses. Use the graph to answer the questions below. If Vistakon is currently producing 2.5 billion Acuvue TruEye and 1.5 billion Acuvue Moist contact lenses per year, is it using its available resources efficiently or not? Why or why not? What is Vistakon’s opportunity cost of increasing Acuvue TruEye production from 1.5 billion to 2.5 billion lenses per year (in terms of Acuvue Moist contact lenses)? What will happen to the given Vistakon’s PPF if new technology facilitates production of Acuvue TruEye contact lenses? Show graphically (upload graphs below).
Vistakon makes Acuvue TruEye and Acuvue Moist contact lenses. The following is Vistakon’s production possibilities frontier (
If Vistakon is currently producing 2.5 billion Acuvue TruEye and 1.5 billion Acuvue Moist contact lenses per year, is it using its available resources efficiently or not? Why or why not?
What is Vistakon’s
What will happen to the given Vistakon’s PPF if new technology facilitates production of Acuvue TruEye contact lenses? Show graphically (upload graphs below).
What will happen to the given Vistakon’s PPF if materials for producing both kinds of contact lenses become more easily available and cheaper? Show graphically (upload graphs below).
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