Question Completion:
Production Possibilities Frontiers
Duck decoys   Fishing lures
0 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 120
6 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 100
12 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 80
18 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 60
24 Â Â Â Â Â Â Â Â Â Â Â Â Â Â 40
30 Â Â Â Â Â Â Â Â Â Â Â Â Â Â 20
36 Â Â Â Â Â Â Â Â Â Â Â Â Â Â 0
Answer:
Mountain Mach
Production Possibilities Frontiers:
1. The combinations of fishing lures and duck decoys that is unobtainable to Mountain Mach is:
10 fishing lures and 40 duck decoys
2. The combinations of fishing lures and duck decoys that is an efficient combination for Mountain Mach is:
16 fishing lures and 30 duck decoys
Explanation:
Mountain Mack's Production Possibilities Frontier (PPF) is a graphical illustration of the production possibilities of carving duck decoys and fishing lures with fixed resources. Â The PPF indicates the information about the tradeoff between devoting resources to carving duck decoys versus carving fishing lures. Â It shows that there is an opportunity cost if Mountain Mack chooses to produce more duck decoys than fishing lures and vice versa. Â With PPF, Mountain Mack is able to make efficient decisions by determining the best combination of goods and allocating resources accordingly.
