1. Home has 1,200 units of labor available. It c an produce two goods, apples and bananas. T he unit labor requirement i

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1 Home Has 1 200 Units Of Labor Available It C An Produce Two Goods Apples And Bananas T He Unit Labor Requirement I 1 (73.08 KiB) Viewed 39 times

1. Home has 1,200 units of labor available. It c an produce two goods, apples and bananas. T he unit labor requirement in apple production i s3, while in banana production it is 2. a. Graph Home's production possibility frontie r. b. What is the opportunity cost of apples in te rms of bananas? 2. Home is as described in problem 1. There is now also another country, Foreign, with a labo r force of 800. Foreign's unit labor requireme nt in apple production is 5, while in banana pr oduction it is 1. a. Graph Foreign's production possibility front ier.