Given the production possibility curve data below :

Capital Goods 0 24 36 14 48 Consumer Goods 16 12 a) Plot the production possibilities curve. Production Possibilities Curve 64 56+ 48 (4.44) Capital Goods 40 (8.36 (12.24) 24 167 (16 0) 10 12 14 16 18 Reset Consumer Goods Suppose an economy opts to produce and consume at combination 'C'. b) What is the opportunity cost for producing 4 more consumer goods? Opportunity cost = 0 (Select one) c) What is the opportunity cost for producing 8 more capital goods? Opportunity cost = 0 (Select one) Answer d) - h) assuming that a technological change unique to the production of capital goods enables this economy to produce 50% more capital goods (at each level of consumer goods). d) Complete the following production possibilities table to show the new possibilities for capital goods (at each level). Capital Goods GORO New Capital Goods (+50%) Consumer Goods e) Plot the new production possibilities curve on the graph below. https://laecon 1.lyryx.com/student-servlets/LabServlet?ccid=3819 1/30/2021 Lab 1 (Question 3) - Lyryx Learning Inc Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. New Production Possibilities Curve New Production Possibilities Curve Capital Goods 24 16 (40) (80) (12,0) (16,0) 8 10 12 14 16 18 Reset Consumer Goods f) Compared with the original combination 'C', how many more capital goods can it now have as a result of the technological improvement? 0 more g) Compared with the original combination 'C', how many more consumer goods can it now have as a result of the technological improvement? 0 more h) Suppose that the economy wishes to have 25% more capital goods than the original combination 'C'. Approximately how many more consumer goods can it have? 0 more