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Question - The Sunland company has the following production possibilities:
Food (Pounds per month)
Sunscreen (gallons per month)
300
0
200
50
100
150
Required -
1. Sketch the graph of the Production Possibility Frontier.
2. What is the firm's opportunity cost of producing 1 pound of Food?
3. What is the firm's opportunity cost of producing 1 gallon of sunscreen?
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