St Atanagio

Jun 17th, 2015
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Grand Canyon University
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St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, there are fewer resources available for breeding poultry.

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Unit 2 Assignment: St AtanagioName: - Course Number:- Section Number:-Unit Number:- 2Date:- St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, there are fewer resources available for breeding poultry.Maximum annual output optionsQuantity of Corn(pounds)Quantity of Poultry(pounds)112000210003003800500460060054007006200775708501. Draw a production possibility frontier with corn on the horizontal axis and poultry on the vertical axis illustrating these options, showing points 17.Poultry9007506004503001500200400600800 10001200Corn2. Can St. Atanagio produce 650 pounds of poultry and 650 pounds of corn? Explain. Where would this point lie relative to the production possibility frontier? This point will exist outside the production possibility frontier and it will be possible if there is change in technology, change in natural resources, change in labor force and change in humane capital.3. What is the opportunity cost of increasing the annual output of corn from 800 to 1000 pounds?Opportunity cost of increasing the annual output of corn from 800 to 1

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