1. Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response. (15 marks) 2. Conceptualize a PPF from the following table. Remember to label your axes. (Put Soybeans on the x-axis) and answer the questions that follow, Wheat 0 25 38 52 60 65 72 Soybeans 12 10 8 6 4 2 0 a) What is the opportunity cost of producing one more unit of Soybeans if the current level of production is at 4, 6, and 8. (9 marks) b) Using an example explain the Production Possibilities Curve in your own words. (6 marks)