1. If Athletic Country currently produces 100 bats and 400 rackets, what is the opportunity cost of an additional 100 bats?
2. If Athletic Country currently produces 300 bats and 300 rackets, what is the opportunity cost of an additional 100 bats?
3. Why does the additional production of 100 bats in part (c) cause a greater trade-off than the additional production of 100 bats in part (b)?
4. Suppose Athletic Country is currently producing 200 bats and 200 rackets. How many additional bats could they produce without giving up any rackets? How many additional rackets could they produce without giving up any bats?
5. Is the production of 200 bats and 200 rackets efficient? Explain.