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Problem Solving 1

Content type
User Generated
Subject
Micro Economics
School
Saudi electronic university
Type
Homework
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College of Administrative and Financial Sciences
Problem Solving 1
Deadline: 11 October 2020 @23:59
Course Name: MICROECONOMICS
Student’s Name:
Course Code: ECON101
Student’s ID Number:
Semester: 1
CRN:
Academic Year: 1442 - 1443 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/30
Level of Marks: High/Middle/Low
Problem 1
Bill can produce either tables or chairs. Bill can work up to 10 hours a day. His production
possibilities are given in the table below:
Tables
0
10
20
30
40
50
1) Construct the production possibilities frontier (PPF) for Bill. Put tables on the
Horizontal axis and chairs on the vertical axis.

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