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You are now asked to consider a world with two people, Poppy and David. David is a farmer. Poppy owns the land on which David
You are now asked to consider a world with two people, Poppy and David. David is a farmer. Poppy owns the land on which David farms and does not produce any output herself. There is only one good in this world, corn.
b.Use a separate model of decision making under scarcity to show the set of Pareto efficient allocations that result from the introduction of a law that limits David's working hours to no more than 15 hours per day. Label all relevant axes, points and curves on your model.
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