You must first receive approval from before attempting section 2 and the graph. Once the worksheet is approved you may go forward. A) You are to choose TWO goods/services or resources that you produce. List these below: Good 1: Bagel Good 2: White Bread B) Next identify the unit of measure you will use to count your output (you cannot use time or money since you do not produce either). Unit of measure Good 1: grams of Bagel Unit of Measure Good 2: grams of White Bread C) Choose the fixed time period in which you measure your output (must be in HOURS): Time period for producing Good 1 and 2: 1 HOURS D) Identify the maximum output of Good1 one and then good 2 if you were to devote all the time period and all your resources to each respective good. Max production of Good 1: 20 grams of Bagel Max production of Good 2: 40 grams of White Bread E) Finally find the relative price of good 1 and good 2 (Set the max production equal to each other and then solve for 1 unit of good 1; then solve for 1 unit of good 2) 1 unit of good 1 = 0.5 1 unit of good 2 = 2Graph. Draw a production possibilities curve (PPC) to graphically show the personal trade-offs you described on page 2. TItle must include: your name, the 2 products, the time period of production in a SINGLE phrase. All axes must be labeled and indicate proper units of measure. Remember that you're graphing 2 "GOODS" - in other words, you should have some desirable output on each axis, NOT the scarce resources/input (i.e., your labor). The graphs you attach to your papers can be computer-generated or handdrawn. If you hand-draw your graph, it must be drawn on graph paper. In either case, your graph should be neat, correctly composed, and completely labeled. Go to the "How to..." folder to see how to draw graphs in Word. Or take a picture and send as a JPEG le. Better yet use the Snipping tool to attach it to your WORD document