Make sure you show all your work for the problems requiring calculations.

1.A.Define the production possibilities frontier.

B.Define productive efficiency.

C.How would opportunity cost be demonstrated on a production possibilities frontier?

Guns Guns Roses Roses Figure A Figure B Guns Guns Roses Roses Figure C Figure DGreen Peppers Turnips bushels [bushels) 0 And 50 10 And 45 20 And 35 30 And 20 40 And 0Health care (patients per year) C D 0 Education (students per year)MC (televisions per computer) A Marginal cost and marginal benefit 3 2 MB 2 3 4 5 6 Computers [millions per year)A Capital good (millions per month] C D Consumption goods (millions per month)33 30 Television sets (per hour] 25 20 15 O NJ 4 Computers (per hour)