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Go back to the numerical example with no factor substitution that leads to the production possibility frontier in Figure Quantity of food, Q; 2,000 Labor

Go back to the numerical example with no factor substitution that leads to the production possibility frontier in Figure


Go back to the numerical example with no factor substitution 

 

 

Quantity of food, Q; 2,000 Labor constraint slope =-2 Production possibility frontier: slope = opportunity cost of cloth in terms of food 1,000 500 Capital constraint slope = -2/3 750 1,000 1,500 Quantity of cloth, Q. 2.

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