Question
on the same graph draw two PPFs : one for Georgia state and one for Nevada. assume Georgia can produce 120 tons of lemons or
on the same graph draw two PPFs : one for Georgia state and one for Nevada. assume Georgia can produce 120 tons of lemons or 240 tons of apples. Nevada can produce 280 tons of lemons or 160 tons of apples. for both states, points in between these limits are possible. Show how the total production of lemons and apples could be greaterwith specialization than with self-sufficiency. Assume that the states trade 140 tons of apples for 140 tons of lemons. demonstrate the gains from trade with points on your graph.
a-draw your graph on a piece of paper 9 don't use computer)
b-clearly label all axes and lines. provide all necessary details
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