Business, 01.05.2021 17:20 mle531588

Q1) The following data provides some information about Alice's production possibilities: Food (pounds per month)
Sunscreen (gallons per month)
A. 600
and 0

B. 500
and50

C. 300
and
100

D. 0 and 150

a) Draw a graph of Alice's PPF
b) If Alice produces 300 pounds of food per month how much sunscreen must it produce if it
achieves production efficiency?
c) What is Alice's opportunity cost of increasing the production of food at point B?
d) What is Alice's opportunity cost of increasing the production of sunscreen at point B?

Answers: 1

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Q1) The following data provides some information about Alice's production possibilities: Food (pou...