Table 10   Labor Hours Needed to Make1 Pound of Amount Pr…

Table 10   Labor Hours Needed to Make1 Pound of Amount Producedin 40 Hours   Meat Potatoes Meat Potatoes Farmer 8 hours/pound 5 hours/pound 5 pounds 8 pounds Rancher 4 hours/pound 10 hours/pound 10 pounds 4 pounds Refer to Table 10. Assume that the farmer and the rancher each has 40 labor hours available. If each person divides his time equally between the production of meat and potatoes, then total production is

Table 7 Assume that Max and Min can switch between producing…

Table 7 Assume that Max and Min can switch between producing mittens and producing hats at a constant rate.   Labor Hours Needed to Make 1 Quantity Produced in 36 Hours   Mittens Hats Mittens Hats Max 2 6 18 6 Min 2 4 18 9 Refer to Table 7. Which of the following points would be on Min’s production possibilities frontier, based on a 36-hour production period?