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A) Draw the production possibilities frontier on a scale diagram, with the production of X on the horizontal axis and the production of Y on

A) Draw the production possibilities frontier on a scale diagram, with the production of X on the horizontal axis and the production of Y on the vertical axis.

Annual Production of X Annual Production of Y
0 1300
20 1200
45 900
60 600
70 350
75 0

B) If the economy is producing 60 units of X and 600 units of Y, what is the opportunity cost of producing an extra 10 units of X. Show on graph.

C) If the economy is producing 70 units of X and 350 units of Y, what is the opportunity cost of producing an extra 5 units of X. Show on graph.

D) If the economy is producing 20 units of X and 800 units of Y, what is the opportunity cost of producing an extra 10 units of X. Show on graph.

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