the frontier.Table 1Production PossibilitiesHours Worked Rice GrownCloth Produced (per day) ( lbs. per month) (yards per month)0 either0or02 either6or14 either11or26 either 15or38 either18or410 either20or5______________________________________________________________________________________________If Joe performs no labor no rice or cloth are produced.If Joe labors for 2 hours daily and devotes all that time on corn production he will produce 6 pounds of rice per month.If that same time is used for cloth production, 1 yard of cloth is produced but no rice.The last four rows of the table indicate the amount of rice or cloth that can be produced per month as more hours are devoted to those activities.___________________________________________________________________________________________________________________________________Production Possibility Frontier Figure 1Rice20 A in lbs.18B permonth16 CUnattainable14 12 Z D10 8 6 E Attainable 4 Production possibility 2 frontier F0 1 2 3 4 5 6 7 8 9 Cloth in yards per monthRiceCloth in in lbs.yards per perPossibility monthmonthA20and 0B18and 1C15and 2D11and 3E 6and 4F 0and 5The graph lists six points on Joes production possibility Frontier. Row E tells us that if Joe produces 6 pounds of rice, the maximum cloth production thats possible is 4 yards. These same points are graphed as A, B, C, D, E, and F in the figure. The line passing through these points is the production possibility frontier, which separates the attainable from the unattainable. The attainable area contains all the possible production points. Joe can produce anywhere inside the area or on the production possibility frontier. Points outside the frontier are unattainable. Models such as these provide a structure for un...
