Figure 2.2 Figure 2.2 above shows the production possibilities frontier for Atikamekw Cree (ca.1600)with a historical tradition of fishing and farming.Assume they produce two goods: fish and grains.
Alt text for Figure 2.2: In figure 2.2, a graph compares production of grains and fish.
Long description for Figure 2.2: The x-axis is labelled, grains in kilograms, and the y-axis is labelled, fish in kilograms.The x-axis is marked from 0 to 180, in increments of 20.The y-axis is marked from 0 to 140, in increments of 20.A line slopes down from the point 0, 120 to the point 160, 0.
-Refer to Figure 2.2.The linear production possibilities frontier in the figure indicates that

Question

Figure 2.2  Figure 2.2 above shows the production possibilities frontier for Atikamekw Cree (ca.1600)with a historical tradition of fishing and farming.Assume they produce two goods: fish and grains.
Alt text for Figure 2.2: In figure 2.2, a graph compares production of grains and fish.
Long description for Figure 2.2: The x-axis is labelled, grains in kilograms, and the y-axis is labelled, fish in kilograms.The x-axis is marked from 0 to 180, in increments of 20.The y-axis is marked from 0 to 140, in increments of 20.A line slopes down from the point 0, 120 to the point 160, 0.
-Refer to Figure 2.2.The linear production possibilities frontier in the figure indicates that

Quizplus · Accepted Answer

The straight line PPF indicates that the trade-off between producing fish and grain is constant, meaning that the opportunity cost of producing one good in terms of the other remains the same, regardless of the production level. There is no indication of comparative advantage or disadvantage in either fish or grain, nor is there any indication of increasing production costs for fish.

Figure 22 Figure 2