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Answer for Question 1a) 'ositive statement or Normative statement. Explain. Q1 ai) Ans: (2 marks): [ Q1 all) Ans: (2 marks): [ Answer for Question
Answer for Question 1a) 'ositive statement or Normative statement. Explain. Q1 ai) Ans: (2 marks): [ Q1 all) Ans: (2 marks): [ Answer for Question 1b) Opportunity Cost Q1 bi) Ans: (2 marks) The trade-off is between: [ Q1 bil) Ans: (2 marks) The opportunity cost is: [ Answer for Question 1c): Production possibility Frontier (PPF) Q1 ci) Ans: State the production levels for this economy at Point D: Ans: (1 mark): [ Q1 cii) (2 marks) If the firm is operating at point D, find the total opportunity cost of 2 more computers: Ans: (2 marks): The total opportunity cost is [ Q1 cili & iv). In the above PPF for computers and mobile phones, the opportunity cost of mobile phones when moving from point D to point B is: Ans: (2 marks): The total Opportunity cost is [ Ans: (2 marks): The unit opportunity cost is [
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