What feature of ppf illustrates increasing opportunity cost

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Reference no: EM13952735

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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