1. A firm has 100 man-hours of labor available in one day. It can produce 2 kinds of products television sets and video cassette recorders. The following table shows the amount of TV sets and video cassette recorders that can be produced in one day. Video Cassette Recorders hours hours | 100 |15 80 |12 60 |9 | 40 |6 o | o 100 A. By using the information given in the table, draw the PPF for the firm, TV set on vertical axis, and video cassette recorder on horizontal axis. B. If the firm currently produces 12 television sets and 4 video cassette recorders a day, what 1s the per unit opportunity cost of producing 4 more video cassette recorders? c. Can the firm produce 9 television sets and 12 video cassette recorders a day? Why? Show your answer on the diagram. 20 60 o b == -+ olov o + E = o