Suppose that the production function of next year's corn takes this year's harvest as an only input. With the corn planted this year on the horizontal axis and corn to be harvested next year, sketch the production function.

use this graph as reference:

.. . Pilot3 (1).pdf Page 2 of 2 Q Q 2 . @ Q Search Consider an economy where farmers produce and con- 1. XXX 8 Supp sume corn. Its PPF is sketched in figure I. ences are repres 100A Show that his pi 80 2. XXX 3x2 Su 42 units of time. 60 B C on the vertical corn consumption next year (ton) for the first and 40 20 O 10 20 30 40 45 50 corn consumption this year (ton)