10 points i? a] List the FOUR [4) assumptions of production possibilities curve. (4 marks) 3) The table below shows an economy producing two goods: capital and consumer goods with the following production options. Production alter natives Capital goods Consumer goods A 0 60 B 10 50 C 20 30 D 30 O i) Graph the production possibilities curve for the economy above. {4 marks) ii) Suppose there is a production alternative of producing 25 capital goods and 40 consumer goods. ls the economy able to produce at such quantity? Why? {2 marks) 2 20 points a) The table below shows the demand and supply for good A. Price (RM) Individual demand (units) Market demand (units) Firm supply (units) Idris Market supply (units) Khadeeja 10 Firm X 20 Firm Y 32 20 8 18 8 26 30 9 15 11 21 40 10 12 14 16 50 13 8 15 12 60 15 6 17 6 16 20 Based on the table above, i) What is market demand and market supply in units? (6 marks) ii) Based on your answer in (i), write the demand and supply equation. (4 marks) b) Explain THREE (3) determinants of demand. (6 marks) c) Explain TWO (2) determinants of supply. (4 marks)3 10 points a) Given the demand and supply equation for good B is as follows: Qd=85-10p Qs=35+10p What is the market equilibrium price and quantity? (4 marks) b) Explain the concept of price ceiling and price control. (6 marks)