Question1

Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer.

Two countries, Marland and Teckana, can produce either clothing or food using all their available resources at constant opportunity cost. The table below shows the daily production of clothing or food in Marland and Teckana.

Clothing Food Marland 120 20 Teckana 80 20Quantity of Snacks Marginal Utility of Snacks Quantity of Movies Marginal Utility of Movies 24 10