Chapter Problem 1 The table shows the quantities of corn and beef that a farm can produce. Beef (pounds per year) 600- Corn Beef (pounds per year) (bushels per year) 500- 250 and 200 300 and 100 500 and 400- and 550 300- Draw the farm's PPF for corn and beef. Draw a point that shows an inefficient combination of corn and beef. Label it A. 200 Draw a point that shows an unattainable combination of corn and beef. Label it B. Draw a point that shows an efficient combination of corn and beef. Label it C. 100- 0- 100 250 150 Corn (bushels per year) 200 300 50

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Chapter Problem 1
The table shows the quantities of corn and beef that a farm can produce.
Beef (pounds per year)
600-
Corn
Beef
(pounds per year)
(bushels per year)
500-
250
and
200
300
and
100
500
and
400-
and
550
300-
Draw the farm's PPF for corn and beef.
Draw a point that shows an inefficient combination of corn and beef. Label it A.
200
Draw a point that shows an unattainable combination of corn and beef. Label it B.
Draw a point that shows an efficient combination of corn and beef. Label it C.
100-
0-
100
250
150
Corn (bushels per year)
200
300
50

Image Transcription

Chapter Problem 1 The table shows the quantities of corn and beef that a farm can produce. Beef (pounds per year) 600- Corn Beef (pounds per year) (bushels per year) 500- 250 and 200 300 and 100 500 and 400- and 550 300- Draw the farm's PPF for corn and beef. Draw a point that shows an inefficient combination of corn and beef. Label it A. 200 Draw a point that shows an unattainable combination of corn and beef. Label it B. Draw a point that shows an efficient combination of corn and beef. Label it C. 100- 0- 100 250 150 Corn (bushels per year) 200 300 50

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