gure 44 Panel (a) Panel s/35868/quizzes/230642/take Question 36 8 pts The following graph shows the production possibilities curve for an economy that produces Consumption goods and Capital goods. Use the graph to answer the following questions A) How do you describe what is happening as the economy moves from point P to point L? (discuss it in terms of economic efficiency) (3 points) B) Which combination - K or M - can lead to faster economic growth in the future? How do you know? Explain your answer. (3 points) C) If the economy is currently operation at point L, what is the opportunity cost of producing 10 more Capital goods (Moving from combination L to combination M)? (2 point) 50 48 40 Consumption 30 M goods 25 20 10 IN O 10 20 30 40 50 Capital goods Edit View Insert Format Tools Table 12pt v Paragraph B I U A & TV |