Figure 2-3
-Refer to Figure 2-3.Sergio Vignetto raises cattle and llamas on his land.A portion of his land is more suitable for raising cattle,and the other portion is better suited for raising llamas.Which of the graphs in Figure 2-3 represent his production possibilities frontier?

Question

Figure 2-3 
-Refer to Figure 2-3.Sergio Vignetto raises cattle and llamas on his land.A portion of his land is more suitable for raising cattle,and the other portion is better suited for raising llamas.Which of the graphs in Figure 2-3 represent his production possibilities frontier?

Quizplus · Accepted Answer

The production possibilities frontier (PPF) is typically bowed outwards when resources are not equally efficient in producing both goods, as is the case here with land better suited for either cattle or llamas. Graph C likely represents this scenario.

Figure 2-3 -Refer to Figure 2-3.Sergio Vignetto Raises Cattle and Llamas on and Llamas