Consider a society whose only worker is John who allocates his production time between cutting hair and
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Consider a society whose only worker is John who allocates his production time between cutting hair and baking bread. Each hour per day he devotes to cutting hair yields 5 haircuts, and each hour he devotes to baking bread yields 5 loaves of bread. If John works a total of 8 hours per day, graph his production possibilities frontier by plotting at least two points on the curve.
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