Table 1 shows the quantities of corn and beef that a farm can produce in a year. Draw a graph of the farm’s PPF. Mark on the graph.

• An inefficient combination of corn and beef—label this point A.

• An unattainable combination of corn and beef—label this point B.

• An efficient combination of corn and beef—label this point C.

Use the following information to work Problems 2 and 3.

The people of Leisure Island have 50 hours of labor a day that can be used to produce entertainment and good food. Table 2 shows the maximum quantity of either entertainment or good food that Leisure Island can produce with different quantities of labor.