Module $2$ Assignment Worksheet

Robinson Crusoe Production Possibility Curve

Assignment Instructions:

You must complete this worksheet before completing the Module $2$ Assignment on Blackboard. You must refer to this worksheet when completing the Module $2$ Assignment so once completed, save and print a copy. Or save the document and open it when completing the online assignment.

Scenario:

Robinson Crusoe lives alone on an island. He has some resources at his disposal:

Land: Some of the land is rocky and better suited for raising sheep. Other parts of the land are better suited for growing wheat.

Sheep

$10$ hours of daylight for working

Assume that the wheat is for Robinson's consumption. He uses it to make bread. Do not assume that it is necessary to use the wheat to feed the sheep. Robinson produces cloth $($from his sheep$)$ and loaves of bread $($from his wheat$).$ If Robinson uses all of his resources he has the following production possibilities:

$\backslash$table$[[\backslash$table$[[$Possibilit$],[$y$]],\backslash$table$[[$Bread$],[($Loaves per$],[$Month$)]],\backslash$table$[[$Cloth$],[($Yards per$],[$Month$)]]],[$A$,20,0],[$B$,18,1]]$

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