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(photo 1-2)Robinson Crusoe Production Possibility Curve
Robinson Crusoe Production Possibility Curve-b. Find one point on the graph that is unattainable given Robinson's resources andtechnology and label it x. This illustrates scarcity.+Robinson Crusoe lives alone on an island. He has some resources at his disposal:+c. Find one point on the graph that is attainable given Robinson's resources andtechnology, but is inefficient in the sense that it does not fully utilize all resources.Land: Some of the land is rocky and better suited for raising sheep. Other partsLabel this point y.+of the land are better suited for growing wheat.+d. Find one point that is attainable given Robinson's resources and technology, andWNSheep+is also efficient in the sense that it does fully utilize all resources. Label this point10 hours of daylight for working+Z.+e.What is the opportunity cost of moving from the production of 0 to 1 yards ofAssume that the wheat is for Robinson's consumption. He uses it to make bread. Do notcloth? 2+assume that it is necessary to use the wheat to feed the sheep. Robinson produces cloth(from his sheep) and loaves of bread (from his wheat.) If Robinson uses all of hisf. What is the opportunity cost of moving from the production of 1 to 2 yards ofresources he has the following production possibilities:+cloth? 3+Possibility+Bread+Cloth+g-What is the opportunity cost of moving from the production of 2 to 3 yards ofLoaves per Month)(Yards per Month)cloth?+20+0++18+1+h. What is the opportunity cost of moving from the production of 3 to 4 yards ofCo2+cloth?+1 1+40i. What is the opportunity cost of moving from the production of 4 to 5 yards ofcloth? 6 bread+a. Draw Robinson's production possibility curve, (PPF.) Put bread on the verticalj. What is the opportunity cost of moving from the production of 0 to 6 loaves ofaxis (Y-axis), and cloth on the horizontal axis (X-axis.)~bread? 1 cloth+Bread. Within the 0 to 6 range for bread production, what is the opportunity cost ofproducing one loaf of bread? 1/6 cloth (1/6 = 0.166)+1. Would you say that the opportunity costs depicted in this PPF are constant or20.increasing? Explain+18 .+16.14 .t12 .10 .m. If you find that the opportunity costs are increasing or constant for your PPF.provide an explanation of why this is the case.+8 . .1othtttt
