For the following problems, use the following information about B.Y. and Mando.

B.Y. and Mando both spend their time helping people and fighting enemies. The possible combinations of the two activities they can accomplish in one day are given in the tables below.

B.Y.					Mando
Option	People Helped	Enemies Fought			Option	People Helped	Enemies Fought
A	0	4			G	0	15
B	1	3			H	1	12
C	2	2			I	2	9
D	3	1			J	3	6
E	4	0			K	4	3
					L	5	0

21. Graph the production possibilities frontiers (PPF) for B.Y. and Mando. Label all lettered points.
22. On Mando’s PPF, label three more points (M,N,O) such that M is inefficient, N is efficient, and O is not currently attainable.
23. If B.Y. and Mando each wanted to individually help two people, how many enemies could each of them still have time to fight?
24. Who has the absolute advantage in helping people? Who has the absolute advantage in fighting enemies?
25. If Mando is currently at point J, what is his opportunity cost of helping more people?
26. Who has the comparative advantage in helping people? Who has the comparative advantage in fighting enemies?
27. Suppose that one day B.Y. and Mando together needed to help at least 3 people. What is the most number of enemies that could be fought that day between the two of them?
28. Give one example of a trade that B.Y. and Mando could make that would allow each of them to consume at points that were not attainable by either of them without the trade.
29. Suppose that B.Y. gains some human capital that allows them to be much better at helping people. Draw a PPF that represents this gain in human capital.
30. Suppose that Mando gets seriously injured and has a much harder time doing anything. Draw a new PPF that represents what this injury might do to Mando’s PPF.

Answer rating: 100% (QA)

To answer the questions and graph the production possibilities frontiers PPF for BY and Mando we need to plot the data given in the tables and analyze their tradeoffs between helping people and fighti... View the full answer