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a.Suppose that you are on a deserted island and can produce either 40 tons of coconuts OR 8 tons of pineapples. Draw the PPF representing
a.Suppose that you are on a deserted island and can produce either 40 tons of coconuts OR 8 tons of pineapples. Draw the PPF representing this situation. Assume that coconuts are on the x-axis. Also assume that the PPF is linear. Clearly label your graph. b. For each of the following combinations say whether the points are attainable (feasible) or unattainable (infeasible), based on the above information. If they are feasible, say whether they are efficient or inefficient. Also, clearly label the three points on your graph as (i), (ii), and (iii). ( i) 20 tons of coconuts and 5 tons of pineapples: Circle the correct one: Not Attainable Attainable but inefficient Attainable and efficient (ii) 10 tons of coconuts and 6 tons of pineapples: Circle the correct one: Not Attainable Attainable but inefficient Attainable and efficient (iii) 30 tons of coconuts and 1 tons of pineapples: Circle the correct one: Not Attainable Attainable but inefficient Attainable and efficient
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