allocation of resources

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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

 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.

 

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