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    production possibility frontier

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    Atlantis is a small, isolated island in the South Atlantic. The
    inhabitants grow potatoes and catch fresh fish. The accompanying
    table shows the maximum annual output combinations
    of potatoes and fish that can be produced. Obviously, given
    their limited resources and available technology, as they use
    more of their resources for potato production, there are fewer
    resources available for catching fish.

    Maximum annual Quantity of potatoes Quantity of fish
    output options (pounds) (pounds)
    A 1,000 0
    B 800 300
    C 600 500
    D 400 600
    E 200 650
    F 0 675

    Draw a production possibility frontier with potatoes on
    the horizontal axis and fish on the vertical axis illustrating
    these options, showing points A-F.

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    Solution Summary

    A production possibility frontier is depicted.