Question

production possibilities frontier exercise 2
the table below provides big lake bobs production possibilities schedule, which describes various combinations of fishing lures and duck decoys he can carve efficiently in a week.
big lake bobs production possibilities schedule
fishing lures | duck decoys
100 | 0
80 | 6
60 | 12
40 | 18
20 | 24
0 | 30
a. graph big lake bobs production possibilities frontier using the information in the table above.
instructions: use the tool provided \production possibilities frontier, ppf\ to plot the production possibilities frontier point by point (6 points total).
graph summary instructions

Explanation:

To graph the Production Possibilities Frontier (PPF), plot each pair of values from the table as coordinate points, with Fishing Lures on one axis (typically the x-axis) and Duck Decoys on the other axis (typically the y-axis), then connect the points in order.

Answer:

Plot the following 6 points and connect them sequentially:

1. (100, 0)
2. (80, 6)
3. (60, 12)
4. (40, 18)
5. (20, 24)
6. (0, 30)