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Production Possibilities Frontier 12000 11000 10000 9000 8000 7000 Fish (cals) 6000 5000 4000 3000 2000 1000 10 20 30 40 50 60 70 Firewood
Production Possibilities Frontier 12000 11000 10000 9000 8000 7000 Fish (cals) 6000 5000 4000 3000 2000 1000 10 20 30 40 50 60 70 Firewood (lbs)A wilderness survival manual washes ashore. It has a section on how to make a fishing net and a section on how to build an axe to chop firewood. Each ofthese takes a clay and a half to complete. Thankfully, you have enough inventory to take the time to make an axe or a net. Before deciding which to build. examine the effect each will have on your production. 9 Generate the new production possibility frontier that would occur ifyou decide to make a fishing net, by plotting "Production with Net" data points for time allocations of{0.12},{4.8},18,4}I and (120}. The new PPF should show that more fish will be caught. Inventory at End of Day Production Production with Met with Axe Time Time Gathering Fishin Firewood Fish Firewood Fish Firewood 3 {lbs} fcals} [lbs] lcals] {hours} {hours} 0 12 0.0 9900 0.0 6600 1 11 10.1 9765 15.2 6510 2 10 19.3 9495 29.0 6330 3 9 2?.8 9120 411.]' 6080 4 8 35.3 8595 53.0 53130 5 I" 42.1 3'965 63.2 5310 6 6 48.0 3'200 22.0 4800 7 5 53.1 6315 29.? 4210 8 4 5?.3 5295 86.0 3530 9 3 60.8 4120 91.2 2280 10 2 63.3 2895 95.0 1930 11 1 65.1 1515 97.? 1010 12 0 66.0 0 99.0 0 To plot a point on the graph. enter the values Wood {lbs} Fish {cals} m
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