For a self-sufficient producer, the production possibilities frontier e. is the same as the consumption possibilities frontier.
2 answers:
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Answer:
x = 4
y = -3
Step-by-step explanation:
We can use substitution, elimination, or graphically.
Step 1: Rearrange first equation
2x + 4y = -4
2x = -4 - 4y
x = -2 - 2y
Step 2: Rewrite systems of equations
x = -2 - 2y
3x + 5y = -3
Step 3: Substitution
3(-2 - 2y) + 5y = -3
-6 - 6y + 5y = -3
-6 - y = -3
-y = 3
y = -3
Step 4: Find <em>x</em> using <em>y</em>
2x + 4(-3) = -4
2x - 12 = -4
2x = 8
x = 4
Graphically:
Use a graphing calc and analyze where the 2 lines intersect.
