Finn and Edison are living on an island with no one around to buy anything. They are stranded there unless a help reaches to them. They have some basic stuff for survival but the only issue is of food. They are out of food supplies. The only options on the island are either to catch fish or gather fruits. Finn has done fishing with his father when he was young so he can catch 5 fishes in 30 minutes. Edison on the other hand was finding it hard and can only catch 2 fishes in an hour. They both also wanted to eat fruits and often look around in search of them. Finn can gather 20 apples in an hour while Edison can gather only 10 in an hour . Illustrate PPF for Finn and Edison assuming constant opportunity costs.
Finn and Edison are living on an island with no one around to buy anything. They are stranded there unless a help reaches to them. They have some basic stuff for survival but the only issue is of food. They are out of food supplies. The only options on the island are either to catch fish or gather fruits. Finn has done fishing with his father when he was young so he can catch 5 fishes in 30 minutes. Edison on the other hand was finding it hard and can only catch 2 fishes in an hour. They both also wanted to eat fruits and often look around in search of them. Finn can gather 20 apples in an hour while Edison can gather only 10 in an hour .
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