1.A firm produces amounts X and Y of two different grades of bread using thesame production process. The production possibility curve (PPC), showing the maximum output of either good attainable for any given level of output of the other is given by X +2X=10-Y.

a)What are the largest amounts of X and Y that can be produced?

b)What amounts of X and Y must be produced to have

i.0.25Y=X

ii.Y=2X