Question: I need help with the quantity restrictions and how that affects the shape of the joint ppf 1 econ 2010-200 test 1 (take-home) Marc Santugini
I need help with the quantity restrictions and how that affects the shape of the joint ppf

1 econ 2010-200 test 1 (take-home) Marc Santugini 5. Joint PPF and quantity restriction for 12 points. Josel owns two fields: Green field and Blue field. He produces corn and wheat. Green field has 80 acres, and it takes 10 acres to produce 1 bushel of corn and 20 acres to produce 1 bushel of wheat. Blue field has 100 acres, and it takes 20 acres to produce 1 bushel of corn and 10 acres to produce 1 bushel of wheat. Suppose that the government imposes a quantity restriction on only corn. Specifically, . A quantity restriction of 4 bushels of corn in Green field. That is, Green field is allowed to produce at most 4 bushels of corn, and A quantity restriction of 2 bushels of corn in Blue field. That is, Blue field is allowed to produce at most 2 bushels of corn. a. Sketch the joint PPF. Clearly label your graph (i.e., indicate values for slopes, intercept(s), endpoint(s), and kink(s)). Note that corn is on the y-axis (Qc is bushels of corn) and wheat is on the x-axis (Qw is bushels of wheat). (6 points) Qc
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