題組內容

2. Two goods, Food (f) and Cloth (c), are produced. According to the specific factors model, there are three production factors: Labour (L), Capital (K) and Land (T). The production function is concave and the marginal product of each production factor diminishes as the output increases. The prices of Food and Cloth are610a45ded0821.jpg and 610a45e597787.jpg , respectively. The quantities of Food and Cloth are 610a45edbb127.jpg and 610a45f3a8339.jpg . The wage of the labour is w .

(2) Please draw the production possibility frontier (PPF).