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quantitative methods A country can produce two goods food and cloth, which require Land and Labor for the production. Total of 420 hectares of land
quantitative methods
- A country can produce two goods food and cloth, which require Land and Labor for the production. Total of 420 hectares of land and 1350 laborers are available. To produce one unit of cloth, 0.5 hectares of land and 3 laborers are required. To produce one unit of food, 3 hectares of land and 5 laborers are required. Draw two lines in the same graph having quantity of food in Y axis and quantity of cloth inX axis.
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