John divides his time between painting landscapes and writing his novel. He paints at a constant pace but finds that the writing flows more smoothly and quickly the more hours each day he devotes to writing, so he actually enjoys increasing returns to writing. What is the shape of his daily production possibilities frontier?

John divides his time between painting landscapes and writing his novel. He paints at a constant pace but finds that the writing flows more smoothly and quickly the more hours each day he devotes to writing, so he actually enjoys increasing returns to writing. What is the shape of his daily production possibilities frontier?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter1: What Is Economics

Section: Chapter Questions

Problem 2DQ

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