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Robinson Crusoe happily lives by himself on a little island eating shrimp and mangos. He is able to
catch one pound of shrimp per hour he spends shrimping, and he can collect 15 mangos per hour.
These rates are the same no matter how much time he spends in each activity. He seeks a work-life
balance, so he will not work more than six hours a day. Draw Mr. Crusoe’s production possibilities curve/frontier. Make sure that you include units on the
axes.

Sagot :

The production possibilities curve of Mr Crusoe will show all of the different combinations of output that can be produced given the resources.

What is PPC?

A production possibilities curve is a model that measures production efficiency based on the available resources.

It should be noted that the PPC will help in using the scarce resources efficiently. Here, he can catch one pound of shrimp in an hour and collect 15 mangoes.

Learn more about PPC on:

https://brainly.com/question/2617319

#SPJ1

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