Question
Nauru is a tiny Pacific country that produces both guano (i.e. bird poop) and wine using its only input, labor. (a) If 6 hours of
Nauru is a tiny Pacific country that produces both guano (i.e. bird poop) and wine
using its only input, labor.
(a) If 6 hours of labor are required to produce 1 pound of guano and 8 hours of labor are
required to produce 1 gallon of wine, and Nauru's labor force can supply a maximum of
1,680 hours of labor, then what is the PPF of Nauru?
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
