3. On the Production Possibility Curve to the right, if production were to move from point B to point C, 100 A B C the opportunity of cost increasing nut production 95 90 would be 5,000 lb. of coffee/10,000 lb. of nuts or 0.5 lb of coffee/1 lb. of nuts. If production were at point D and were to move to point E, opportunity Coffee (1000s of lb/day) D cost of increasing nut production would be 5,000 lb. E 15 coffee/2,000 lb. nuts, or 2.5 lb. of coffee/1 pound of nuts. 30 75 | 80 20 77 Explain briefly why the opportunity cost of nuts increase Nuts (1000s of lb/day) PPC. (5 points)