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1. Diagrams 1 and 2 below depict the production possibility frontier (PPF) for Patsy's Snack Shop. Answer the questions below and show all calculations where

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1. Diagrams 1 and 2 below depict the production possibility frontier (PPF) for Patsy's Snack Shop. Answer the questions below and show all calculations where appropriate. Diagram 1 Diagram 2 Cakes Cakes PPF 2 F PPF1 CO PPF Sandwiches Sandwiches O a. Explain in one paragraph how Diagram 1 depicts the problem of scarcity for Patsy's Snack shop. b. By referring to points or values in Diagram 1, explain how the PPF illustrates production efficiency for Patsy's Snack Shop

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