principles of economics

Tutorial Questions Production Possibilities Curve Question 1 The following table shows the production possibilities of two products produced by Country Z with the available resources. Combination Mobile Phone million) Laptop (million) a) Sketch the PPC of Country Z. b) Describe the concepts of scarcity, choice and opportunity cost in the PPC of Country Z. c) What is the opportunity cost if Country Z uses all resources to produce mobile phones? d) Calculate the opportunity cost: i) of producing 2 million mobile phones from combination A? if) when the production increases from 2 to 4 million mobile phones? e) Assuming Country Z intends to produce 2 million mobile phones and 26 million laptops: i) Is this combination achievable? i) If \"No\