2. The following data of a particular firm choosing a netput vector at different prices...
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2. The following data of a particular firm choosing a netput vector at different prices was collected during the last financial period: at prices (1, 1), the firm's netput vector is (-2,5). At prices (3,1), the firm's netput vector is (-1,2). At prices (1, 2), the firm's netput vector is (-4, 10). a) Is this behaviour consistent with the profit-maximising model of the firm? b) Draw a precise graph of the largest possible production possibility set Z based on this data. Briefly describe how you obtained it. 2. The following data of a particular firm choosing a netput vector at different prices was collected during the last financial period: at prices (1, 1), the firm's netput vector is (-2,5). At prices (3,1), the firm's netput vector is (-1,2). At prices (1, 2), the firm's netput vector is (-4, 10). a) Is this behaviour consistent with the profit-maximising model of the firm? b) Draw a precise graph of the largest possible production possibility set Z based on this data. Briefly describe how you obtained it
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