On the following graph, use the blue line (circle symbol) to plot Kevin's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Maria's PPF Kevin's PPF Maria's PPF 0 400 500 600 900 1000 100 200 300 700 800 ALFALFA (Bushels) BARLEY (Bushels)
On the following graph, use the blue line (circle symbol) to plot Kevin's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Maria's PPF Kevin's PPF Maria's PPF 0 400 500 600 900 1000 100 200 300 700 800 ALFALFA (Bushels) BARLEY (Bushels)
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 7SQP
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Question
Kevin and Maria are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest.
Alfalfa Barley
(Bushels per acre)
|
(Bushels per acre)
|
|
---|---|---|
Kevin | 40 | 8 |
Maria | 28 | 7 |
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