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QUESTION 14 Consider a household with 2 spouses, Chandler and Ryan. Chandler can produce $120 of market goods a day and $100 of home goods a day, while Ryan can produce $150 of market goods and $80 of home goods a day. Everybody works the same amount of hours, whether in the market or at home. Which of the following represents the joint PPF? 200 150 100 50 50 100 150 200 250 SARKET G A O O O O

QUESTION 14 Consider a household with 2 spouses, Chandler and Ryan. Chandler can produce $120 of market goods a day and $100 of home goods a day, while Ryan can produce $150 of market goods and $80 of home goods a day. Everybody works the same amount of hours, whether in the market or at home. Which of the following represents the joint PPF? 200 150 100 50 50 100 150 200 250 SARKET G A O O O O

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 14 Consider a household with 2 spouses, Chandler and Ryan. Chandler can produce $120 of market goods a day and $100 of home goods a day, while Ryan can produce $150 of market goods and $80 of home goods a day. Everybody works the same amount of hours, whether in the market or at home. Which of the following represents the joint PPF? 200 150 100 50 30 100 150 200 250 MARKET G A B D O O O
Transcribed Image Text:QUESTION 14 Consider a household with 2 spouses, Chandler and Ryan. Chandler can produce $120 of market goods a day and $100 of home goods a day, while Ryan can produce $150 of market goods and $80 of home goods a day. Everybody works the same amount of hours, whether in the market or at home. Which of the following represents the joint PPF? 200 150 100 50 30 100 150 200 250 MARKET G A B D O O O
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