30 O 25 Initial PPF 20 New PPF DRUMS 15 10 2 2 5 TRAINS Suppose Jake is currently using combination D, producing one train per day. His opportunity cost of producing a second train per day is per day. Now, suppose Jake is currently using combination C, producing two trains per day. His opportunity cost of producing a third train per day is per day. From the previous analysis, you can determine that as Jake increases his production of trains, his opportunity cost of producing one more train Suppose Jake buys a new tool that enables him to produce twice as many trains per hour as before, but it doesn't affect his ability to produce drums. Use the green points (triangle symbol) to plot his new PDF on the previous graph. Because he can now make more trains per hour, Jake's opportunity cost of producing drums is it was previously.4. Opportunity cost and production possibilities Sam is a skilled toy maker who is able to produce both boats and drums. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Hours Producing Produced Choice (Boats) (Drums) (Boats) (Drums) A 8 0 W Co IN N 14 N A 1 16 F 0 0 17 On the following graph, use the blue points (circle symbol) to plot Sam's initial production possibilities frontier (PPF). (? 30 25 Initial PPF A 20 New PPF DRUMS 10 6 7 BOATS Suppose Sam is currently using combination D, producing one boat per day. His opportunity cost of producing a second boat per day is per day