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Graph production possibility frontier and why is it curved

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An economy can produce good 1 using labor and capital and good 2 using labor and land. The total supply of labor is 100 units. Given the supply of capital, the outputs of the two goods depend on labor input as follows:

Labor Input to Good 1

Output of Good 1

Labor Input to Good 2

0

0

0

10

25.1

10

20

38.1

20

30

48.6

30

40

57.7

40

50

66

50

60

73.6

60

70

80.7

70

80

87.4

80

90

93.9

90

a. Graph the production functions for good 1 and good 2.

b. Graph the production possibility frontier. Why is it curved?

Reference no: EM13868596

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