A country named Meridian producesjust two goodssolar panels and lithium-ion batteries. It faces the two production possibilities curves in the graph below. (D Production Possibilities Curve for Meridian 70 8(0, 70) 60 fl 1. 58) (1, 64)' Solar Panels 1 2 3 Lithium-ion Batteries at Meridian initially faces the lower production possibilities curve. What is the opportunity cost of batteries in terms of panels when Meridian moves from point a to b? The opportunity cost is solar panels. What is the opportunity cost of batteries in terms of panels when Meridian moves from point b to c? The opportunity cost is |:| solar panels. What is the opportunity cost of batteries in terms of panels when Meridian moves from point c to d? The opportunity cost is |:| solar panels. Do your answers satisfy the law of increasing opportunity costs? Why or why not? (Click to select) b. After a technological improvement Meridian faces the upper production possibilities curve. What is the opportunity cost of batteries in terms of panels when moving from point e to f? The opportunity cost is |:| solar panels. What is the opportunity cost of batteries in terms of panels when moving from point fto g? The opportunity cost is |:| solar panels. What is the opportunity cost of batteries in terms of panels when moving from point 9 to d? The opportunity cost is solar panels. Are these opportunity costs lower or higher than those in part a? These opportunity costs are: c. What type of technological improvement caused the shift in the production possibilities curvean improvement in the production of batteries, in panels, or in both goods? O Production of solar panels 0 Production of lithium-ion batteries 0 Both goods