The following table shows the amounts of land and labor used, given current factor prices, to...

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The following table shows the amounts of land and labor used, given current factor prices, to produce a unit of each of two goods. where, Factor Acres of land (T) Cigars (100 boxes) Soybeans (100 bushels) TC=0.8 Ts=1.0 Hours of labor (L) LC=0.8 Lg=0.6 Lc = the number of acres of land used to produce 100 boxes of cigars. = the number of labor hours used to produce 100 boxes of cigars. Ts =the number of acres of land used to produce 100 bushels of soybeans. Ls the number of labor hours used to produce 100 bushels of soybeans. The figure depicts the box diagram for this country. The soybean axes are depicted at the top right corner of the box and their origin is denoted as Os. The cigar axes are located at the lower left side of the box and the origin is labeled Oc- The width of the box represents the economy's total supply of labor; the height of the box its total supply of land. Use the data provided above to do the following: 1.) Using the line drawing tool, draw a straight line with slope (Tc/Lc) = 1 from Oc to the right-hand side of the box. Label this line 'R' 2.) Using the line drawing tool, draw a straight line with slope (Ts/Ls) = 1.67 from Os to the bottom-side of the box. Label this line 'S' 3.) Using the point drawing tool, locate the point of resource allocation for these industries and label this point 'A'. Carefully follow the instructions above and only draw the required objects. Allocating Resources Labor used in soybean Production Os 10 9 Land 8 used in 7 cigar 6 production 5 4 3 2 11 2 3 4 5 6 7 8 Labor used in cigar Production Land used in soybean production The following table shows the amounts of land and labor used, given current factor prices, to produce a unit of each of two goods. where, Factor Acres of land (T) Cigars (100 boxes) Soybeans (100 bushels) TC=0.8 Ts=1.0 Hours of labor (L) LC=0.8 Lg=0.6 Lc = the number of acres of land used to produce 100 boxes of cigars. = the number of labor hours used to produce 100 boxes of cigars. Ts =the number of acres of land used to produce 100 bushels of soybeans. Ls the number of labor hours used to produce 100 bushels of soybeans. The figure depicts the box diagram for this country. The soybean axes are depicted at the top right corner of the box and their origin is denoted as Os. The cigar axes are located at the lower left side of the box and the origin is labeled Oc- The width of the box represents the economy's total supply of labor; the height of the box its total supply of land. Use the data provided above to do the following: 1.) Using the line drawing tool, draw a straight line with slope (Tc/Lc) = 1 from Oc to the right-hand side of the box. Label this line 'R' 2.) Using the line drawing tool, draw a straight line with slope (Ts/Ls) = 1.67 from Os to the bottom-side of the box. Label this line 'S' 3.) Using the point drawing tool, locate the point of resource allocation for these industries and label this point 'A'. Carefully follow the instructions above and only draw the required objects. Allocating Resources Labor used in soybean Production Os 10 9 Land 8 used in 7 cigar 6 production 5 4 3 2 11 2 3 4 5 6 7 8 Labor used in cigar Production Land used in soybean production