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Gains From Trade L1 L2 L3 L4 Overall Score: 64% Inventory v PPF V As before, there are 12 hours of daylight with which you
Gains From Trade L1 L2 L3 L4 Overall Score: 64% Inventory v PPF V As before, there are 12 hours of daylight with which you may work to collect firewood and fish. With each hour you can gather 8 logs per hour or catch 250 calories of fish per hour. To survive, each day you must collect 32 logs and 2000 calories of fish. To facilitate this, begin by drawing out your production possibility frontier. Your Production Possibility Frontier Time Allocation Production Gather Firewood Fishing Firewood (logs) Fish (cals) 0 12 0 3000 11 8 2750 2 10 16 2500 3 24 2250 8 32 2000 40 1750 A 6 48 1500 5 56 1250 8 4 64 1000 9 W 72 750 10 2 80 500Gains From Trade L1 L2 L3 L4 Overall Score: 64% Inventory v PPF V To plot a point on the graph, enter the values Wood (logs.) Fish (cals) Add Check Answer Production Possibility Frontier 3500 3000 2500 2000 Fish (cals) 1500 1000 500 80 120 20 40 60 100 Firewood (logs)
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