Nicholas can use his limited resources to produce two goods: rings and necklaces.
Resources used to produce one good cannot be used to produce the other, so
production possibilities are limited. In the production possibilities schedule below,
you are given combinations of rings and necklaces that fully utilize all available
resources.
Rings
0
3
6
9
necklaces
12
Task 1: In the graph below, construct Nicolas's PPF. Be sure to place rings on the
horizontal axis and necklaces on the vertical axis.