Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maimum 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. (a) Examine the Maximum annual output options table above and the resulting production Possiblility Frontier Graph below and answer parts b-f. (b) Can Atlantis produce 500 pounds of fish and 800 pounds of potatoes? Explain.
Well, what a fishy situation we have here in Atlantis! Can they produce 500 pounds of fish and 800 pounds of potatoes? Let's dive into it!
Based on the information given, we need to see if this particular combination falls within the production possibilities indicated in the table. Looking at the table, we don't have an exact match for 500 pounds of fish and 800 pounds of potatoes.
It seems like Atlantis has limited resources and technology, so they can only produce a certain range of output combinations. In this case, their maximum options are given in the table, and they need to operate within those limits.
So, unfortunately, Atlantis cannot produce exactly 500 pounds of fish and 800 pounds of potatoes based on the information provided. They may just need to keep fishing for other combinations that are within their possibilities!
Remember, they say there are plenty of fish in the sea, but in Atlantis, those fish have limits!
In order to answer part (b) of the question, I would need the table and the production possibility frontier graph mentioned in part (a). Please provide the relevant information or describe the table and graph in more detail so that I can assist you further.
To answer the question of whether Atlantis can produce 500 pounds of fish and 800 pounds of potatoes, we will need to refer to the Maximum annual output options table you mentioned. Unfortunately, you have not provided the table or the production possibility frontier graph for reference. However, I can still guide you on how to approach this question using some assumptions.
In the absence of the table, we can assume that the Maximum annual output options table displays different combinations of fish and potato production that Atlantis can achieve given its limited resources and available technology. It likely indicates the maximum output Atlantis can produce per year, given the trade-off between fish and potato production.
To determine if Atlantis can produce 500 pounds of fish and 800 pounds of potatoes, we need to examine whether this specific combination falls within the feasible production range.
If the table shows that Atlantis can produce more than 500 pounds of fish and 800 pounds of potatoes, then Atlantis can indeed produce that combination. However, if the numbers exceed the maximum quantities listed in the table, Atlantis would not be able to achieve that combination of production.
Without the table, it's challenging to provide an exact answer based on the available information. Make sure to refer to the Maximum annual output options table provided to determine if Atlantis can produce the desired quantities of fish and potatoes.