Economy, asked by preciousmashaba, 11 months ago

Construct a production possibility frontier to tom earning's between two careers 1000 per day as a lecturer and 800 per day as a carpentry then worked 1 week per month then 2week , 3 weeks & 4 weeks , assuming only four weeks in a month

Answers

Answered by priyanshu4438
0

\huge{\mathfrak{Answer}}

Answered by writersparadise
0

Answer:

Check the attachement for PPF graph

Explanation:

As Lecturer (Weeks) earnings -

(1000/day = 5000/week)

As Carpenter (Weeks) earnings  -

(800/day = 4000/week)

4 weeks as lecturer -

4 20000 0 0

3 weeks as lecturer & 1 week as carpenter -

3 15000 1 4000

2 weeks as lecturer & 2 week as carpenter -

2 10000 2 8000

1 weeks as lecturer & 3 week as carpenter -

1 5000 3 12000

4 weeks as Carpenter -

0 0         4 16000

These values are used to p[lot the graph.

Attachments:
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