Question

In: Economics

Using the ideas and language of the production possibility frontier, consider the following: Why does most...


Using the ideas and language of the production possibility frontier, consider the following: Why does most food travel so far from where it is grown? Would an economist agree that “food is supposed to be local”? How and why are the prices different at the Farmers Diner? Why can’t meals there be 100% locally grown? What would it mean if 80% of all of the food everyone ate was local?

Solutions

Expert Solution

The production possibility frontier is also called as the production possibility curve it shows those different combinations of two different commodities which producer is able to produce with the help of full and optimum utilisation of the given resources sorry are the idea of production possibility Frontier is that it shows the best combination of two goods that a producer can produce and all the combinations that a producer produced gives the equal and same level of satisfaction.
To travel so far from where it is grown there are various factors behind this problem the one factor is all the foods are not available at the same climatic condition in one reason that only reason it is a common problem that food availability is only possible when countries transfer one good to another country and to receive goods from another country.
The idea behind the thought food is supposed to be local by an economist means they must be available at a cheap rate and does not include any transportation cost.
The prices different at the farmer's Diner because of various reasons. Some reasons are the cost of production and another reason is the use of expensive Technology next saying the availability of food is not available so the input cost must be high.
The 80% of all of the food every 18 was looked at it means to promote the domestic farmers and not to depend on the foreign Import of the food crops at least for food point of view the self-sustainability and the reliability on the nation is important therefore the idea behind is that it will the economy strong and make a solution of food security in the nation.


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