1. Use the production possibility frontier (the curve joining points A and B) shown below to be the base in answering the following questions. College Tailors Production Possibilities Frontier Pants K E A X S F H 0 B M Skirts a) Are there any inefficient production points? If so, what are they and why are they inefficient? (4 marks) b) Given the current PPF (the curve joining points A and B) would College Tailors choose to produce at point H? Why or why not? (2 marks) ") Given the graph above, College Tailors' opportunity cost of producing more skirts in terms of pants changes in what way as we move from point A to B? Give the definition of the law this illustrates. (4 marks)