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Suppose there is only one input, Labor. Our economy has 100 units of L . We can produce S and T in the following way: S= 4* L and T = 1*L 1) graph
Suppose there is only one input, Labor. Our economy has 100 units of L. We can produce S and T in the following way: S= 4* L and T = 1*L
1) graph the PPF for this?