Alice and Bob each produce haircuts and landscaping services.  Alice can provide 4 haircuts in one hour.  Bob can provide 2 haircuts in one hour.  It takes Alice 2 hours to landscape an acre of property.  It takes Bob 1 hour to landscape an acre of property.  Assume Alice and Bob both work a standard 8 hour day.  Which of the following correctly expresses the equation for Bob's PPF   H=32-8L H=16-2L 2H+L=16 or    none of the other choices are correct

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Production Possibility Analysis

The production possibility analysis comprises the production possibility frontier (PPF), or the production possibility curve (PPC) to evaluate a society or even an economy. The production possibility curve represents the cost that the society has to incur for choosing between two different commodities. It is assumed that an economy that operates at the highest production possibility curve is known to have a better standard of living which the society can achieve for producing the optimum level of output which it can produce given a specified number of factors of production or inputs or resources.