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Aisha Labor Input (Number of Workers) 0 Total Output (Corn in bushels) 20 40 60 80 100 Marginal Product 0 - 50 2.5 90 2 120 1.5 140 1 150 0.5 Labor Input (Number of Workers) 0 Total Output Marginal (Iron in tons) Product 0 20 3 0.15 40 6 0.15 60 9 0.15 80 12 0.15 100 15 0.15 Betty Input (Number of Workers) 0 Total Output (Corn in bushels) Marginal Product 0 - 20 75 40 175 3.75 5 60 300 6.25 80 450 7.5 100 625 8.75 Labor Input (Number of Workers) Total Output (Iron in tons) Marginal Product 0 0 - 20 6 0.3 40 18 0.6 60 36 0.9 80 60 1.2 100 90 1.5

Aisha Labor Input (Number of Workers) 0 Total Output (Corn in bushels) 20 40 60 80 100 Marginal Product 0 - 50 2.5 90 2 120 1.5 140 1 150 0.5 Labor Input (Number of Workers) 0 Total Output Marginal (Iron in tons) Product 0 20 3 0.15 40 6 0.15 60 9 0.15 80 12 0.15 100 15 0.15 Betty Input (Number of Workers) 0 Total Output (Corn in bushels) Marginal Product 0 - 20 75 40 175 3.75 5 60 300 6.25 80 450 7.5 100 625 8.75 Labor Input (Number of Workers) Total Output (Iron in tons) Marginal Product 0 0 - 20 6 0.3 40 18 0.6 60 36 0.9 80 60 1.2 100 90 1.5

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Draw the PPF for corn and iron for both Aisha and Betty, being as exact and neat as possible. Put iron on the
horizontal axis. Assume that the dots define a complete curve.

Can you help me produce the ppf.. I suspect I need to produce two of them. Please include the steps so I can learn in the process. Thanks

Aisha Labor Input (Number of Workers) 0 Total Output (Corn in bushels) 20 40 60 80 100 Marginal Product 0 - 50 2.5 90 2 120 1.5 140 1 150 0.5 Labor Input (Number of Workers) 0 Total Output Marginal (Iron in tons) Product 0 20 3 0.15 40 6 0.15 60 9 0.15 80 12 0.15 100 15 0.15
Transcribed Image Text:Aisha Labor Input (Number of Workers) 0 Total Output (Corn in bushels) 20 40 60 80 100 Marginal Product 0 - 50 2.5 90 2 120 1.5 140 1 150 0.5 Labor Input (Number of Workers) 0 Total Output Marginal (Iron in tons) Product 0 20 3 0.15 40 6 0.15 60 9 0.15 80 12 0.15 100 15 0.15
Betty Input (Number of Workers) 0 Total Output (Corn in bushels) Marginal Product 0 - 20 75 40 175 3.75 5 60 300 6.25 80 450 7.5 100 625 8.75 Labor Input (Number of Workers) Total Output (Iron in tons) Marginal Product 0 0 - 20 6 0.3 40 18 0.6 60 36 0.9 80 60 1.2 100 90 1.5
Transcribed Image Text:Betty Input (Number of Workers) 0 Total Output (Corn in bushels) Marginal Product 0 - 20 75 40 175 3.75 5 60 300 6.25 80 450 7.5 100 625 8.75 Labor Input (Number of Workers) Total Output (Iron in tons) Marginal Product 0 0 - 20 6 0.3 40 18 0.6 60 36 0.9 80 60 1.2 100 90 1.5
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