1.The table below shows a set of production possibilities in Russell County

Corn (in bushels)

Wheat( in Bushels)

2000

0

1600

700

1200

1300

800

1800

400

2200

0

2500

a.What is the opportunity cost of increasing the production of corn from 800 bushels to 1200 bushels?

b.Explain what is happening when the economy is producing 1000 bushels of corn and 1100 bushels of wheat

c.Can the economy produce 900 bushels of wheat and 1600 bushels of corn?

Explain.

d.Draw the production possibilities curve