The Shire produces two goods-taters and pipeweed. If all resources are used to produce taters. 1,000 tons per day can be produced. If all resources are used to produce pipeweed (a unique plant used for smoking in pipes and producing great smoke rings), 100 barrels per day can be produced. Draw the shire's PPF for taters and pipeweed. Show the slope of the PPF. Calculate costs for both taters and pipeweed. Draw a point that is unattainable (label it). Draw a point that is inefficient (label it). Draw a point that is efficient (label it).
