Susan is a talented artist who sells hand-crafted goods on her website. Susan currently crafts and sells both crochet hats and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. ChoiceHours CraftingProduced(Crochet hats)(Cutting boards)(Crochet hats)(Cutting boards)A8040B6238C44214D26116E08017 ← → CDⒸmyUT X28Shontrell ✓My HomeCoursesEcon Ch x G 5. Oppor X G Suppose X | Econ Ch x b My Ques X +ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=59843379946929954870904&elSBN=9780357133699&i...Rental OptionsCatalog and Study Tools? HelpContent XCollege Success TipsCareer Success TipsGive Feedback«MindTap xCENGAGE MINDTAPHomework (Ch 02)On the following graph, use the blue points (circle symbol) to plot Susan's initial production possibilities frontier (PPF).CUTTING BOARDS3025201510500M1312345CROCHET HATS678Initial PPFANew PPFQ Search this course?D 8XX:?A-ZbongoA+May 27LTE8:02 3 ¹ 0

A graphical representation of the different combinations of two goods or services (here, crochet…

Answered: Susan is a talented artist who sells…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Susan is a talented artist who sells hand-crafted goods on her website. Susan currently crafts and sells both crochet hats and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good.

Choice	Hours Crafting	Produced
(Crochet hats)	(Cutting boards)	(Crochet hats)	(Cutting boards)
A	8	0	4	0
B	6	2	3	8
C	4	4	2	14
D	2	6	1	16
E	0	8	0	17

← → C
D
Ⓒ
myUT X
28
Shontrell ✓
My Home
Courses
Econ Ch x G 5. Oppor X G Suppose X | Econ Ch x b My Ques X +
ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=59843379946929954870904&elSBN=9780357133699&i...
Rental Options
Catalog and Study Tools
? Help
Content X
College Success Tips
Career Success Tips
Give Feedback
«
MindTap x
CENGAGE MINDTAP
Homework (Ch 02)
On the following graph, use the blue points (circle symbol) to plot Susan's initial production possibilities frontier (PPF).
CUTTING BOARDS
30
25
20
15
10
5
0
0
M
1
31
2
3
4
5
CROCHET HATS
6
7
8
Initial PPF
A
New PPF
Q Search this course
?
D 8
X
X
:
?
A-Z
bongo
A+
May 27
LTE
8:02 3 ¹ 0

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