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

(i) 1 pound of food and (ii) 1 gallon of sunscreen?

d. What is the relationship between your answers to part (c)?

Suppose that Yucatan’s production possibilities are

Transcribed Image Text:

Food (pounds per month) 300 200 100 0 and and and and Sunscreen (gallons per month) 0 50 100 150