What feature of ppf illustrates increasing opportunity cost

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Use the following table to work Problems 1 to 2. Suppose that Yucatan's production possibilities are Food Sunscreen

Food

Sunscreen

(pounds per month)

(gallons per month)

300

and

0

200

and

50

100

and

100

0

and

150

1. a. Draw a graph of Yucatan's PPF and explain how your graph illustrates a tradeoff.

b. If Yucatan produces 150 pounds of food per month, how much sunscreen must it produce if it achieves production efficiency?

c. What is Yucatan's opportunity cost of producing 1 pound of food?

d. What is Yucatan's opportunity cost of producing 1 gallon of sunscreen?

e. What is the relationship between your answers to parts (c) and (d)?

2. What feature of a PPF illustrates increasing opportunity cost? Explain why Yucatan's opportunity cost

Reference no: EM13952735

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