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Suppose a firm has a set of 4 possible “netput” production plans (y1, y2): { (0,0),...

  1. Suppose a firm has a set of 4 possible “netput” production plans (y1, y2): { (0,0), (-1,5), (2,-6), (-2,9) }
    It could be possible for the firm to do two or more plans at the same time. For instance, if it did the second and third plans, its total production activity would be (-1,5) + (2,-6) = (1,-1). So: If it can do any, all, or any combination of these plans at the same time, what is the complete set of production possibilities? Graph this set (a set of discrete points).

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