Bu224 Microeconomics Unit 2 Assignment: Analyzing the Production Possibility Frontier of St. Atanagio Island
A study on production possibility frontiers in microeconomics.
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Bu224 Microeconomics Unit 2 Assignment: Analyzing the Production
Possibility Frontier of St. Atanagio Island
Microeconomics Bu224 Unit 2
Unit 2 Assignment: St Atanagio
Name: -
Course Number: -BU224
Section Number: -
Unit Number: - 2
Date: -12-17-2013
St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The
accompanying table shows the maximum annual output combinations of corn and poultry that
can be produced. Obviously, given their limited resources and available technology, as they use
more of their resources for corn production, there are fewer resources available for breeding
poultry.
Maximum annual output options Quantity of Corn
(pounds) Quantity of Poultry
(pounds)
1 1200 0
2 1000 300
3 800 500
4 600 600
5 400 700
6 200 775
7 0 850
1. Draw a production possibility frontier with corn on the horizontal axis and poultry on the
vertical axis illustrating these options, showing points 1–7.
Possibility Frontier of St. Atanagio Island
Microeconomics Bu224 Unit 2
Unit 2 Assignment: St Atanagio
Name: -
Course Number: -BU224
Section Number: -
Unit Number: - 2
Date: -12-17-2013
St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The
accompanying table shows the maximum annual output combinations of corn and poultry that
can be produced. Obviously, given their limited resources and available technology, as they use
more of their resources for corn production, there are fewer resources available for breeding
poultry.
Maximum annual output options Quantity of Corn
(pounds) Quantity of Poultry
(pounds)
1 1200 0
2 1000 300
3 800 500
4 600 600
5 400 700
6 200 775
7 0 850
1. Draw a production possibility frontier with corn on the horizontal axis and poultry on the
vertical axis illustrating these options, showing points 1–7.
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Document Details
University
Kaplan University School of Business and Management
Subject
Economics