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Production Possibilities Curve # of watches (000s) # Fitbits (000,000s) Possibilites# iwatches (000s)#Fitbits (000,000) A800 B601 C402 D253 E54 F05 b.On the graph above, label

Production Possibilities Curve

# of watches

(000s)

# Fitbits

(000,000s)

Possibilites# iwatches (000s)#Fitbits (000,000)

A800

B601

C402

D253

E54

F05

b.On the graph above, label a point of underutilization (inefficiency)for the production of I watches versus Fitbits. Call it Point A. Next, label a point of efficiency.

Call it Point B.Last, label a point that is now unattainable. Call it Point C.

c.Look at the table:To get one Fitbit, how many watches have to be given up (marginal cost)?

d.What is the marginal cost of 3 Fitbits?

e.What is the marginal cost of 4 Fitbits?

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