Reference no: EM132593337

John and Diane are the only two people living on a desert island. They have two sources of food, hunting rabbits and fishing. For each hour John spends hunting, he can catch one rabbit. For each hour he spends fishing, he can catch two fish. For each hour, Diane spends hunting, she can find two rabbits, and for each hour of fishing, she can catch two fish. (Assume each person spends 8 hours a day hunting or fishing.) 

Your response should include the following:

1. Provide a graph illustrating the production possibilities frontier for John and for Diane. You can draw a graph by hand or use a program such as Excel, Word, or PowerPoint to draw your chart. Be sure to label your axes and provide sufficient information in the title to explain what your graph shows.
2. Explain your observations about the graphs and their implications in a sentence or two.