Draw the set of feasible combinations of g and f

Reference no: EM133275921

Question - Suppose that a person produces their own consumption good, G, using a production function G=5L, where L is the amount of labor time used. The person has 24 units of labor time available to them. Free time, denoted F, is the amount of time not used for labor.

Draw the set of feasible combinations of G and F, with F on the horizontal axis.

Reference no: EM133275921

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