Department of Economics Fall 2017
University of California Economics 1
Berkeley Head GSI: Vaishnavi Surendra
Section Exercise 1: Suggested Solutions
For 8/28/2017 & 8/29/2017
1) A nation with fixed quantities of resources is able to produce any of the following combinations of
cornbread and beef per year:
Combination
Cornbread (millions of
loaves)
Beef (thousands of
pounds)
