production possibilities frontier (PPF)

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Zaid can produce either tables or chairs. Zaid can work up to 10 hours a day. His production possibilities are given in the table below:

Tables

Chairs

0

100

10

80

20

60

30

40

40

20

50

0

1) Construct the production possibilities frontier (PPF) for Zaid. Put tables on the Horizontal axis and chairs on the vertical axis.

2) What is Zaid’s opportunity cost of producing one additional table?

3) Currently Zaid is producing 20 tables and 40 chairs.

a) Is this allocation of resources efficient? Why?

b) Show this allocation on the graph and advise Zaid how he can be more efficient. Answer Scenario Questions 1 DO MY PAPER AND GUARANTEE 5 STARS QUALITY

 

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