Question: Using either intuition, a computer, or a formal mathematical approach, derive the production possibility frontier for x and y in the following cases. a. =

Using either intuition, a computer, or a formal mathematical approach, derive the production possibility frontier for x and y in the following cases.

a. = ==y=8=1/2.

b. = = 1/2,y 1/3,8 = 2/3.

c. a =

d. a =

c. a

f. a = 1/2,y=8=2/3. y=8=2/3. 0.6, y = 0.2,8 = 1.0. 0.7,y=0.6,8=0.8. Do increasing returns to scale always lead to a convex production possibility frontier? Explain.

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