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https://www.coursehero.com/u/file/67148371/ECON730-A1docx/#question 2. (14 points) Use Figure 1 above to answer the following questions. Which of the following points on the production possibilities curve depicted in

https://www.coursehero.com/u/file/67148371/ECON730-A1docx/#question

2. (14 points) Use Figure 1 above to answer the following questions.

  1. Which of the following points on the production possibilities curve depicted in Figure 1 are attainable with the resources and technology currently available:A, B, C, D, E, U, and W?
  2. Which of the following points on the production possibilities curve depicted in Figure 1 are efficient production points: A, B, C, D, E, U, and W?
  3. What is the per unit opportunity cost to move from point C to point B?Indicate your answer as a ratio, the amount of capital lost per unit of consumption gained.(Show your work.)
  4. What is the opportunity cost to move from point B to point A?Indicate your answer as a ratio, the amount of capital lost per unit of consumption gained.(Show your work.)
  5. Compared your answer in c. with your answer in d.Has the opportunity cost increased, decreased, or has stayed the same when moving point B to point A compared to point C to point B?

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