1. Genoa has a population of 100,000. Suppose it takes 100 people to build 1 boat, but only 5 people to grow 1 unit of f
Posted: Fri Jul 01, 2022 7:56 am
1. Genoa has a population of 100,000. Suppose it takes 100 people to build 1 boat, but only 5 people to grow 1 unit of food. Draw the PPF, with food on the vertical axis. What is the opportunity cost of 1 boat? State the PPF equation (either version):