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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Bu224Microeconomics Unit 2 Assignment: Analyzing the ProductionPossibility Frontier of St. Atanagio IslandMicroeconomics Bu224 Unit 2Unit 2 Assignment: St AtanagioName:-Course Number:-BU224Section Number:-Unit Number:-2Date:-12-17-2013St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. Theaccompanying table shows the maximum annual output combinations of corn and poultry thatcan be produced. Obviously, given their limited resources and available technology, as they usemore of their resources for corn production, there are fewer resources available for breedingpoultry.Maximum annual output options Quantity of Corn(pounds) Quantity of Poultry(pounds)1 1200 02 1000 3003 800 5004 600 6005 400 7006 200 7757 0 8501. Draw a production possibility frontier with corn on the horizontal axis and poultry on thevertical axis illustrating these options, showing points 1–7.

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University

Kaplan University School of Business and Management

Course

Bu 224

Subject

Economics

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