Answer Key to Practice Problem Set 1 - WKU
7. Suppose the following is my production possibilities frontier for cooking toast and pancakes in one hour. Pancakes Toast. 0 40. 2 39. 4 37 6 33. 8 27. 10 20. 12 11. 14 0. a. Graph my production possibilities frontier. Pancakes. 14 40 Toast. What can be said about the point 30 toast, 8 pancakes? ................
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