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Please help complete the worksheet below on Production Possibilities Curve. Thanks 1.1 The Production Possibilities Curve Click to add subtitle 1. Study the PPC diagram

Please help complete the worksheet below on Production Possibilities Curve. Thanks

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1.1 The Production Possibilities Curve Click to add subtitle 1. Study the PPC diagram below and answer the questions that follow. Switzerland's PPC (chocolate and watches) irs Chocolate (millions of be Watches (thousands) a Identify the points on Switzerland's PPC that represent an efficient use of the country's land, labor and capital resources. Briefly explain what makes these points efficient b. Identify the points on Switzerland's PPC that represent an inefficient use of the country's resources. Briefly explain what makes these points "inefficient" Calculate the per watch opportunity costs of moving from Point A to point B NotesPollek to add subtitle lil Point C to point D d. Explain why the per watch opportunity cost changes as output of watches Increases from 0 to 3,000 to 6,000 and finally to 9.000 e Calculate the opportunity cost of moving from Point X to point Y Point Y to point C Interpret the significance of the values you calculated in parts e(!) and eful) above Point 2 lies beyond Switzerland's PPC. Explain what this means and what would be necessary for Switzerland to achieve point 2

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