Consider a society consisting only of Helen, who allocates her time between sewing dresses and baking bread. Each hour she devotes to sewing dresses yields 4 dresses and each hour she devotes to baking bread yields 8 loaves of bread. a. If Helen works a total of 8 hours per day, graph her production possibilities curve. Instructions: Use the tool provided to draw Helen's PPC curve. Plot only the endpoints and locate these endpoints on the axes of the diagram. Dresses per day 40 36 32 28 24 20 16 12 8 4 Helen's PPC Tools PPC
Consider a society consisting only of Helen, who allocates her time between sewing dresses and baking bread. Each hour she devotes to sewing dresses yields 4 dresses and each hour she devotes to baking bread yields 8 loaves of bread. a. If Helen works a total of 8 hours per day, graph her production possibilities curve. Instructions: Use the tool provided to draw Helen's PPC curve. Plot only the endpoints and locate these endpoints on the axes of the diagram. Dresses per day 40 36 32 28 24 20 16 12 8 4 Helen's PPC Tools PPC
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.5P
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Transcribed Image Text:Consider a society consisting only of Helen, who allocates her time between sewing dresses and baking bread. Each hour she
devotes to sewing dresses yields 4 dresses and each hour she devotes to baking bread yields 8 loaves of bread.
a. If Helen works a total of 8 hours per day, graph her production possibilities curve.
Instructions: Use the tool provided to draw Helen's PPC curve. Plot only the endpoints and locate these endpoints on the axes of the
diagram.
Dresses per day
0 35 2 25 24 0 15 12
40
36
32
28
20
16
8
4
0
8
Helen's PPC
16 24 32 40 48 56 64 72
Loaves of bread per day
Tools
PPC
b. Using the graph above, which of the points listed below are attainable and/or efficient?
i. 28 dresses per day, 16 loaves per day: (Click to sele
ii. 16 dresses per day, 32 loaves per day: (Click to sele ✓
iii. 18 dresses per day, 24 loaves per day: (Click to sele ✓
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