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apples 1. Home has 1,200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is
apples 1. Home has 1,200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 3 (3 units of labor per apple), while in banana production it is 2 (2 units of labor per banana). a. Graph Home's production possibility frontier (hint: put apples on the y- axis and bananas on the x-axis). Home ananas b. What is the most apples Home can consume? c. What is the most bananas Home can consume? d. What is the opportunity cost/price of apples in terms of bananas
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