Belly Steaks is a large restaurant.In an hour, they can produce 300 plates of foodor 150 desserts.
Question:
Belly Steaks is a large restaurant.In an hour, they can produce 300 plates of foodor 150 desserts. Tooth Sweets is a bakery. In an hour, they can produce 50 platesof food or 100 desserts. Draw their shared PPF with dessert on the x-axis. Label the x- and y-intercepts and the kink.
8 In a year, the country of Towlia can produce at most 40,000 dish towels or 30,000 bath towels. Draw the PPF for Towlia.
9 In a day, Jerry can make 15 loaves of bread or 30 jars of jelly. In a day, Lindy canmake 30 loaves or 15 jars. If Jerry and Lindy each want 10 loaves of bread eachday, find how much jelly they produce in total when they’re not specializing andtrading, and then how much jelly they produce when they are specializing andtrading.
10 Casey spends his time either solving Sudoku puzzles or reading books. Casey’sfriend tells him a trick for solving Sudoku puzzles that makes him much faster at them. Draw Casey’s PPF before being told the trick (PPF1) and after (PPF2).
11 The small nation of Bayo produces cacao (x-axis) and coffee (y-axis). Fall/winter production is PPF
Step by Step Answer:
Globalization For Development Meeting New Challenges Meeting New Challenges
ISBN: 9780191624032
1st Edition
Authors: Ian Goldin, Kenneth Reinert