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Please see the pictures below. Note: The first two pictures are part of the same question. Need help with both please and thank you. Suppose

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Please see the pictures below. Note: The first two pictures are part of the same question. Need help with both please and thank you.

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Suppose that the economy of El Paso creates only cowboy boots and pecans. The production possibilities frontier (PPF) per year for El Paso is illustrated in the graph and is currently 5,000 B producing at the point labeled A. 5000 Move point B to show the economy efficiently producing one C thousand more cowboy boots. 94,000 4000 Now, determine the opportunity cost of producing an additional 1,000 cowboy boots, i.e., shifting from point A to 3,000 point B. Enter your answer specified to one decimal place. Quantity of cowboy boots produced A 2,000 2000 opportunity cost: pecans 5000 6000 700( 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Shift point C to indicate El Paso increasing production of Quantity of pecans produced cowboy boots from point B by another thousand. Determine the opportunity cost of shifting from point B to point C. Enter your answer specified to one decimal place. opportunity cost: pecansThis PPF exhibits what kind of opportunity costs? O decreasing O constant O increasingThe accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two Rubberland's Production Possibilities products, rubber band balls and rubber hoses, and on a given 200 day can produce according to the PPF in the graph. Point A on 180 the PPF represents the combination of the two goods Rubberland currently produces. 160 When a new method of rubber processing is discovered, the 140 productivity of all Rubberland's inputs increases. Please shift 120 the PPF to show this change. Quantity of rubber band balls 100 Assume that Rubberland does not make more rubber band 80 balls than they originally made at point A but still maximize 60 their productive capabilities. Move point A to their new 40 production point. 20 How many more rubber hoses do they now produce per day PPF than before? 0 0 10 20 30 40 50 60 70 80 90 100 Quantity of rubber hoses more hoses per day

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