Compare the graphs in Problem 3 with those in Problems 1 and 2. Problem 3 Starting with Nation…

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Compare the graphs in Problem 3 with those in Problems 1 and 2.

Problem 3

Starting with Nation 2’s pre growth production frontier, draw a production frontier for Nation 2 showing neutral technical progress that doubles the productivity of labor and capital in the production of:

(a) Both commodity X and commodity Y.

(b) Commodity X only.

(c) Commodity Y only.

Problems 1

Starting with Nation 2’s pre growth production frontier of previous chapters, draw a new production frontier for Nation 2 showing that:

(a) The amount of both capital and labor available to Nation 2 doubled.

(b) Only the amount of capital doubled.

(c) Only the amount of labor doubled.

Problems 2

Starting with Nation 2’s pre growth production frontier of previous chapters, draw a new production frontier for Nation 2 showing the Rybczynski theorem for the doubling of the amount of capital only.