Homework l Production Posibiliies and Opportunity Cost: Linear Model veru Non-Li

Question

Homework l Production Posibiliies and Opportunity Cost: Linear Model veru Non-Lisear Model Production Possibilities: Refining the Model Timber (units/year) 20 10 9 10 15 Food (units'year) in the linarproducticm possibilitiss modal, we 2ch ofive aqually-sizad parcels of land contibutes the sme to the production of food and timber: 6 units of timbr or 3 anits of food By contrast, in theon-lizsar modal, we will suma that tharo re iva difforat typas of land in egaal- izad plots and that each plot may contribute as follows to the proaaction of FOOD co BE B. Good farmland Poor timbarland Modaate farmland Modarate timb Poor farmiand Good timbarhud Terible farmlad/Great timbarl 1. Assuming all parcels of land are,when all lad is inue ona mcre unit of timbar produced will requiro A. Two more units of food produced B. Fivefwer units of food produced C. One-olf fawer units of sood producad D. Two fawer units of sood produced

Explanation / Answer

If all the lands are the same, then we have to use the linear model of production possibility. Thus, 30 timber corresponds to the production of 15 food.

So, 1 unit of timber corresponds to the production of 1/2 food.

So, the answer is C

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