The Shire, a country inhabited by hobbits, has a simple life and a simple economy. Life is based on the good earth and there, gardeners are held in high esteem. Forty leagues it stretches from the Fox Downs to the Brandywine Bridge, and fifty from the western moors to the marshes in the south. There in that pleasant corner of the world they ply their well-ordered business of living, and they heed less and less the world outside where dark things move. They have come to think that peace and plenty are the rule in Middle-Earth and the right of all sensible folk. The Shire produces two goods—taters and pipeweed. If all resources are used to produce taters, 1,000 tons per day can be produced. If all resources are used to produce pipeweed (a unique plant used for smoking in pipes and producing great smoke rings), 100 barrels per day can be produced. Draw the shire’s PPF for taters and pipeweed. Show the slope of the PPF. Calculate the opportunity costs for both taters and pipeweed.