Question Solved1 Answer The table below provides Big Lake Bob's production possibilities schedule, which describes various combinations of fishing tures and duck decoys he can carve efficiently in a week, Big Lake Bob's Production Possibilities Schedule Fishing Lures 12a 80 60 48 20 Duck Decoys B 6 12 18 24 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above. Instructions: Use the tool provided "PPF* to plot the production possibilities frontier point point (6 points total Big Lake Bob's Production Possibilities Frontier 36 Tools 30 PPF 24 Duck Decoys 18 12 < Prev 11 of 13 Next > Check my work 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above Instructions: Use the tool provided "PPF" to plot the production possibilities frontier point by point (6 points total), Big Lake Bob's Production Possibilities Frontier 36 Tools 2 30 PPF 24 Duck Decoys 18 12 6 0 20 40 60 80 100 120 Fishing Lures b. Which of the following combinations of fishing lures and duck decoys is unobtainable to Big Lake Bob in one week's worth of carving? 20 fishing lures and 24 duck decoys 50 fishing lures and 10 duck decoys 40 fishing lures and 20 duck decoys 80 fishing lures and 5 duck decoys c. Which of the following combinations of fishing lures and duck decoys is an efficient combirkation? 20 fishing tures and 24 duck decoys 50 fishing lures and O duck decoys 16 fishing lures and 30 duck decoys 10 fishing lures and 40 duck decoys

MTJ28N The Asker · Economics

Transcribed Image Text: The table below provides Big Lake Bob's production possibilities schedule, which describes various combinations of fishing tures and duck decoys he can carve efficiently in a week, Big Lake Bob's Production Possibilities Schedule Fishing Lures 12a 80 60 48 20 Duck Decoys B 6 12 18 24 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above. Instructions: Use the tool provided "PPF* to plot the production possibilities frontier point point (6 points total Big Lake Bob's Production Possibilities Frontier 36 Tools 30 PPF 24 Duck Decoys 18 12 < Prev 11 of 13 Next > Check my work 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above Instructions: Use the tool provided "PPF" to plot the production possibilities frontier point by point (6 points total), Big Lake Bob's Production Possibilities Frontier 36 Tools 2 30 PPF 24 Duck Decoys 18 12 6 0 20 40 60 80 100 120 Fishing Lures b. Which of the following combinations of fishing lures and duck decoys is unobtainable to Big Lake Bob in one week's worth of carving? 20 fishing lures and 24 duck decoys 50 fishing lures and 10 duck decoys 40 fishing lures and 20 duck decoys 80 fishing lures and 5 duck decoys c. Which of the following combinations of fishing lures and duck decoys is an efficient combirkation? 20 fishing tures and 24 duck decoys 50 fishing lures and O duck decoys 16 fishing lures and 30 duck decoys 10 fishing lures and 40 duck decoys
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Transcribed Image Text: The table below provides Big Lake Bob's production possibilities schedule, which describes various combinations of fishing tures and duck decoys he can carve efficiently in a week, Big Lake Bob's Production Possibilities Schedule Fishing Lures 12a 80 60 48 20 Duck Decoys B 6 12 18 24 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above. Instructions: Use the tool provided "PPF* to plot the production possibilities frontier point point (6 points total Big Lake Bob's Production Possibilities Frontier 36 Tools 30 PPF 24 Duck Decoys 18 12 < Prev 11 of 13 Next > Check my work 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above Instructions: Use the tool provided "PPF" to plot the production possibilities frontier point by point (6 points total), Big Lake Bob's Production Possibilities Frontier 36 Tools 2 30 PPF 24 Duck Decoys 18 12 6 0 20 40 60 80 100 120 Fishing Lures b. Which of the following combinations of fishing lures and duck decoys is unobtainable to Big Lake Bob in one week's worth of carving? 20 fishing lures and 24 duck decoys 50 fishing lures and 10 duck decoys 40 fishing lures and 20 duck decoys 80 fishing lures and 5 duck decoys c. Which of the following combinations of fishing lures and duck decoys is an efficient combirkation? 20 fishing tures and 24 duck decoys 50 fishing lures and O duck decoys 16 fishing lures and 30 duck decoys 10 fishing lures and 40 duck decoys
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a)&#160; &#160;Duck DecoysFishing lures&#160; &#160; b) combination which is unobtainable to big lake bob is&#160; 40 fishing lures and 20 duck decoys because this point lies outside the PPF curve. A&#160;production possibilities curve&#160;is a graphical representation of the different combinations of goods and services an economy can produce using all its resources. So economy is fully utilising its resources therefore cannot produce beyond that. So economy ... See the full answer