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May 27, 2015

Homework Help: economics

Posted by MATTHEW on Wednesday, June 15, 2011 at 3:02pm.

Assume that it takes four hours of labor time to paint a room and three hours to sand a floor. If all 24 hours were spent painting, how many rooms could be painted by one person? If a decision were made to sand two floors, how many painted rooms would have to be given up? Illustrate with a production possibilities curve

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