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1. The following table lists maximum combinations of salmon and trout that can be farmed by fisherman Jack when he uses all his resources. combination
1. The following table lists maximum combinations of salmon and trout that can be farmed by fisherman Jack when he uses all his resources. combination Trout Salmon A 21 0 B 20 10 C 18 20 D 14 30 E 8 40 0 50 (i) Using the data above, draw the production possibility frontier (PPF) for fisherman Jack (5 marks) (ii) Explain what point B, shows. Full answer required. (2 marks) (iii) Assume that initially Jack is using more resources to produce trout and he is producing at point C. Now Jack decided to produce the combination E. Explain what is happening here. Calculate the opportunity cost of Jack
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