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1} Draw each of the constraints and write down each of constraint equations 2} Explain how you nd out 1where is the PPF. 3} Explain
1} Draw each of the constraints and write down each of constraint equations 2} Explain how you nd out 1where is the PPF. 3} Explain how you nd out exact position of I = TD. Do notjust randomly choose a point. 4} Make sure that you can show that the position of x = 70, there is unemployment of one of the resources and the other resources are fully employed. 5} Answer to the question if statement is true or false. The hints above are meant to help you complete your assignment, but please do not provide your answers in point forms by just answering the above questions. You are supposed to use the main points above and structure out your answers in essay format. There is no need to write very long assay. as long as you can fit in all the key points. Bear In mind that your graph should be at least half an All size page and make sure you label your points in the graph clearly. Assignment 1: 1. In an economy there are two goods. 1: and y. which are produced by capital and labour. One unit of femur can produce either 2 units ofx or 1 unit of y {or any linear combination of them}. One unit of capital can produce either 1 unit of x or 2 units of y (or any linear combination of them). There are 100 units of capital and tilt] units of labour. 1When the economy is producing Y0 units of it there is bound to be unemployment and thus, inefciency. True or false= explain
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