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Unformatted text preview: baking bread yields 8 loaves of bread. If Helen works a total of 8 hours per day, graph her production possibilities frontier. 4) Susan can pick 4 pounds of coffee in an hour or gather 2 pounds of nuts. Tom can pick 2 pounds of coffee in an hour or gather 4 pounds of nuts. Each works 6 hours per day. a) What is the maximum number of pounds of coffee the two can pick in a day? b) What is the maximum number of pounds of nuts the two can gather in a day? c) Would it be possible for Susan and Tom in total gather 26 pounds of nuts and pick 20 pounds of coffee each day? If so, how much of each good should each person pick?...
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This note was uploaded on 12/01/2010 for the course ECO 108 taught by Professor Wolman during the Spring '08 term at SUNY Stony Brook.
 Spring '08
 WOLMAN
 Economics, Opportunity Cost

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