Question: Question 34, 2.3 Ad Homework: Assignment for ch 2 (sta Part 1 kim can produce 40 pies or 400 cakes an hour. Liam can produce

Question 34, 2.3 Ad Homework: Assignment for ch 2 (sta Part 1 kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour. Draw Kim's PPF. Label it. Draw Liam's PPF. Label it. Draw a point to show Kim's production of pies and cakes when she spends 30 minutes of each hour producing pies and 30 minutes producing cakes. Label it 1 Draw a point to show Liam's production of pies and cakes when he spends 30 minutes of each hour producing pies and 30 minutes producing cakes. Label it 2. Draw a point to show Kim's production if she specializes and produces one good. Label it 3. Draw a point to show Liam's production if he specializes and produces one good. Label it 4

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