c) Draw the PPF for corn and iron for Aisha 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 with this?please provide the steps AishaLabor Input(Number of Workers)0Total Output(Corn in bushels)20406080100MarginalProduct0-502.59021201.514011500.5Labor Input(Number of Workers)0Total OutputMarginal(Iron in tons)Product02030.154060.156090.1580120.15100150.15

Answered: Image /qna-images/answer/d3f31221-cee4-4254-bea0-9f0e67120bbc.jpg

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

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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 24RQ: What is a production technology?

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Question

c) Draw the PPF for corn and iron for Aisha 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 with this?
please provide the steps

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

Definition Definition Curve that represents the various combinations of production possibilities of two commodities when resources or factors of production are given.

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