Microeconomics (30 marks) Question 1 (15 marks) B truck 8 2 Production Possibility Frontier Motor bike 16 15 14 14 12 Motor bikeks Pt X Pt Y 10 Trucks Refer to the above Q1 a(i) State the production levels for this economy at Point B. (1 mark) Q1 a(ii) What is the total opportunity cost of trucks when moving from point C to D? (2 marks) Q1 a(iii) What is the unit opportunity cost of each truck when moving from C to D? (2 marks) Q1 a(iv) Which point(s) illustrated on the above PPF are unattainable? (1 mark) Q1 a (v) Which point(s) illustrated on the above PPF are inefficient? (1 mark) [Answer here] Q1 a(i) Production level at point B [truck = ; Motor bike= Q1 a(ii) The total opportunity cost for trucks (from C to D) = Q1 a(iii) The unit opportunity cost for each truck (from C to D) = Q1 a(iv) Which point(s) illustrated on the above PPF are unattainable = Point Q1 a(v) Which point(s) illustrated on the above PPF are inefficient = Point