Questions f,g,&h please b) Find one polnt on the graph that is unattainable give
ID: 1132710 • Letter: Q
Question
Questions f,g,&h please
b) Find one polnt on the graph that is unattainable given Robinson's resources and technology and label it x. c) Find one point on the graph that is attainable given Robinson's resources and technology, but is inefficient in the sense that it does not fully utilize all resources. Label this pcint y st d) Find ane point on the graph that is attainable given Robinson's resources and technology, and is also efficlent in the sense that it does fully utilize all resources. Label this point z e) What is the opportunity cost of moving from the production of 0 to 1 trees? What is the opportunity cost of moving from the production of 1 to 2 trees?5 Eoh What is the ppportunity cost of moving from the production of 2 to 3 trees?h What is the opportunity cost of moving from the production of 3 to 4 trees? What is the opportunity cost of moving from the production of 4 to 5 trees?Fh 16-15 3-1 f) What is the opportunity cost of moving from the production of o to 6 fish Within the 0 to 6 range for fish catching, what is the opportunity cost of catching one fish? 9) Would you say that the opportunity casts depicted in this PPF are constant or increasing? Explain. h) If you find that the opportunity costs are increasing or constant for your PPF, provide an explanation of why this is the case. 29Explanation / Answer
f)
Opportunity cost of moving from production of 0 to 6 fish is 1.
Opportunity cost of catching one fish = 1/6
g)
Opportunity costs depicted in PPF are increasing .
h)
For getting one additional unit of one good, we have to make sacrifice of another good in increasing order. Hence, opportunity cost is increasing.
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