Answer the following questions.

Combination Fruit Candy 1500 1350 100 1100 75 800 225 450 350 500 Use the table to answer questions I and 2. What is the opportunity cost of producing 800 tons of fruit instead of 450 tons? There is no opportunity cost; 125 pieces of candy Four pieces of candy. 50 pieces of candy 2. What is the opportunity cost of producing 175 pieces of candy instead of 100? Eight tons of fruit for every additional piece of candy. 250 tons of fruit The amount of fruit that must be given up for the additional candy 1. All of the above. 3. In production possibility frontier analysis, which mixes of goods are considered efficient by an economy? Only those mixes falling on the PPF curve Those mixes on, or to the left of, the PPF Those mixes on, or to the right of, the PPF curve only those mixes falling to the left of the PPF curve 4. True or False. An increase in the quality of education will cause an increase in the production possibilities curve. 5. A production possibilities curve: Eliminates the need to make choices regarding the use of resources Can be drawn for an economy but not for an individual Shows the different combinations of goods that can be produced d. Shows the different combinations of inputs that can be used to produce a good 6. In the production possibilities model, economic decay is illustrated by: An inward shift of the production possibilities curve An outward shift of the production possibilities curve The downward slope of the production possibilities curve 1. Moving from a point inside the current production possibilities curve to a point on the current production possibilities curve se an economy's production possibilities curve