Suppose Home has 200 units of labor. It can produce two goods, apples and bananas. In Home a worker can produce 3 apples or 4 bananas. a. Graph Home's PPF, with apples in the horizontal axis. b. What is the opportunity cost of apples? c. In the absence of trade - when Home is isolated - what would the relative price be?

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Q: Consider the following figure. Perform the transformations given by Ro.270 o Px=1

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A: Sample proportion for each color can be calculated as follows:

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A: Solution: The objective is to find the value of x