suppose that a simple society has an economy with only one resource,labor. labor can be used to produce onlt two comodities-x, a necessity good and y, a luxury good.suppose the labor force consist of 100 workers. one laborer can only produce either 5 unots of necessity per month or 10 units of luxury per month.
on a graph draw the ppf. where does the ppf intersect on thy axis and where does the ppf intersect on the x aaxis?