Inventory Ppf V Level 1 Your Production Possibilities You Have Been Stranded On A Deserted Island And Need To Survive B 1 (528.62 KiB) Viewed 57 times
Inventory Ppf V Level 1 Your Production Possibilities You Have Been Stranded On A Deserted Island And Need To Survive B 2 (61.28 KiB) Viewed 57 times
Inventory PPF V Level 1: Your Production Possibilities You have been stranded on a deserted island and need to survive by collecting firewood and fishing for food. There are 12 hours of daylight with which you may work to collect firewood and fish. With each hour, you can collect 8 logs per hour or 250 calories of fish per hour. Wood : 0 logs Fish : 0 cals To survive, each day you must collect 32 logs and 2000 calories of fish. ? Note that because the rates of production are constant, your production possibility frontier will be linear. Draw your production possibility frontier given that you could produce 3000 cals of fish or 96 logs of firewood given 12 hours of daylight. (Plot 2 more points on the production possibility frontier, and click on Check Answer.)
Your Production Possibility Frontier Time Gather Firewood Time Fishing Firewood (logs) Fish (cals) 0 12 0 3000 1 11 8 2750 2 10 2500 3 9 2250 4 8 2000 5 7 1750 6 6 1500 7 5 1250 8 4 1000 9 3 750 10 2 500 11 1 250 12 0 0 To plot a point on the graph, enter the values Wood (logs.) Fish (cals) Add 16 24 32 40 48 56 64 72 80 88 96 Check Answer
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