2. S. 3 (a) List the possible bundles of production for this economy. (b) List the bundle(s) of production that is indicate(s) production inefficiency. (C) List the impossible bundle(s) of production. (d) The movement from bundle M to K may indicate (e) What is the opportunity cost of donuts for movement from K to L? (f) Based on the movement from L to J, it shows that the society wants more of What is the opportunity cost for this movement? (g) Based on the movement from L to M, it shows that the society wants more of What is the opportunity cost per unit for this movement? (h) Suggest TWO (2) ways for this economy to produce at bundle N. Suppose the capital of this economy fall, sketch a PPC diagram that shows the before and after change of the capital. SECTION C: Short Essay Questions 1. With the aid of diagram, explain the economic concept of scarcity, efficiency and full employment and trade-off. (7 marks) 2. Illustrate and explain how will the following changes economic growth of a hyphothetical country that produces dairy goods and cotton. (5 marks each) a. Rise in the capital from foreign investors (FDI) into the dairy industry b. Rise in the emigration of the working age population C. Rise in technology for agricultural sector