Noah and Naomi will
be able to change their garage space. They could build an addition onto their garage or rent a
new larger garage down the street. Using effi cient production methods, they might then have
the production possibilities shown in Table 7.2. The table shows the number of benches they
produce each week for each number of assembly workers and amount of garage space, using
effi cient production methods. Each row in the table corresponds to the number of assembly
workers they hire, while each column corresponds to the amount of garage space they use. For
example, Noah and Naomi can produce 140 garden benches a week by hiring three assembly
workers and using 1,500 square feet of garage space. Noah and Naomi’s short-run production
possibilities in Example 7.1 correspond to the second column in this table, where their garage
space is fi xed at 1,000 square feet.
Noah and Naomi willbe able to change their garage space. They could build an addition onto their garage or rent anew larger garage down the street. Using effi cient production methods, they might then havethe production possibilities shown in Table 7.2. The table shows the number of benches theyproduce each week for each number of assembly workers and amount of garage space, usingeffi cient production methods. Each row in the table corresponds to the number of assemblyworkers they hire, while each column corresponds to the amount of garage space they use. Forexample, Noah and Naomi can produce 140 garden benches a week by hiring three assemblyworkers and using 1,500 square feet of garage space. Noah and Naomi’s short-run productionpossibilities in Example 7.1 correspond to the second column in this table, where their garagespace is fi xed at 1,000 square feet.
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