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6Please give only typed answer Question 1 1 pts In an economy called Horbort, there is a labor endowment of 26 units. Good x has

6Please give only typed answer

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Question 1 1 pts In an economy called Horbort, there is a labor endowment of 26 units. Good x has the production function x = 2(L )'s and good y has the production function y = 5.5Ly, where Ly and Ly are the labor units allocated to sector x and y, respectively. If labor is divided equally between producing x and y, then the resulting output will be (x.y) = O (14.4, 65.5) (14.4, 71.5) O (7.2, 71.5) O (7.2, 65.5) Question 2 1 pts Consider the economy Horbort from problem 1 above. If all labor is used to produce x, then the most x that can be produced in this economy is _. but then the y output in the economy will be 10.2:0 10.2: 143 8.8; 0 8.8; 143

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