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Paragraph Styles PPF O Sandwiches O a. Explain in one paragraph how the PPF curve in Diagram 1 depicts the problem of scarcity for Rosie's
Paragraph Styles PPF O Sandwiches O a. Explain in one paragraph how the PPF curve in Diagram 1 depicts the problem of scarcity for Rosie's Bakery. (5pt) b. Which points in Diagram 1 represent efficiency? Explain. (5pt) C. "Every point on the PPF in Diagram 1 involves a trade-off." Explain this by comparing a combination of related changes in values on the graph. (5pt) d. From Diagram 1, calculate the opportunity cost of increasing the production of cakes from 8 to 12 with the opportunity cost of increasing the production of cakes from 12 to 14. Show all calculations. (10pt) e. In Diagram 2, how would explain the shift from PPF, to PPF, at Rosie's Bakery using economic theory? (5pt) " helow shows the maximum possible
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