Answer to Question #254569 in Microeconomics for HITYSHI RAY

Question

Calculate how much of each service is produced under the following circumstances, which we label A,B, and C -All two spend all their time planting flowers (A) -All two spend all their time hunting deer (B) -All two spend half of their time planning flowers and half of their time hunting deer (C). -Simba only plants flowers, while Nala hunts deer (D) (2) Graph the production possibilities frontier (PPF) for this economy. Using your answers to part (1), identify points A, B, C and D on your graph. Please clearly draw the graph.

Answer 1

The answer to your question is provided in the image: