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how to solve it W ACE Acumen Academy Section B (40 marks) Question 1 (21 marks} Your inshuclor presented to you the following table represents

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W ACE Acumen Academy Section B (40 marks) Question 1 (21 marks} Your inshuclor presented to you the following table represents the maximum capacity a country could attain in 2020. Guns Butter 0 500 200 400 275 300 340 200 330 100 400 0 Your classmate, Peter Morrison plotted the above data into a production possibility boundary curve and labelled them into 9 different points 'om A 10] respectively. Guns 'IDD Butter Morrison wants to know: (a) Which of the 9 points are not feasible combinations? Why? (3 marks) (1)) Which of the 9 points are feasible, but inefficient? Why? (3 marks) (c) If society is presently producing 200 units of butter, what is the cost of producing an extra 100 units of butter? (3 marks) ACE Acumen Academy ((1) If society is presently producing 275 units of gun, what is the cost of producing an extra 65 units of gun? (3 marks) (e) Is society better off at point H or point D? Why? (3 marks) (f) Is society better off at point H or point C? Why? (3 marks) (g) Of the feasible points, which point is best? Why

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