Reference no: EM1344194

Q. Assume which two people, Michelle also James every live alone in an isolated region. They every have the same resources available also they grow potatoes also raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per yr. If she devotes all her resources to raising chickens, she can raise 50 chickens per yr. (If she apportions some resources to every, then she can produce any linear combination of chickens also potatoes which lies between those extreme points. If James devotes all his resources to growing potatoes, he can raise 80 pounds of potatoes per yr. If he devotes all his resources to raising chickens, he can raise 40 chickens per yr. (If he apportions some resources to every, then he can produce any linear combination of chickens also potatoes which lies between those extreme points.)