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Q-6. Consider the Production possibilities of an economy as assumed in the following table. Combinations A B C D E Product Food 0 13 17

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Q-6. Consider the Production possibilities of an economy as assumed in the following table. Combinations A B C D E Product Food 0 13 17 21 25 Clothing 30 28 24 18 0 (a) How can you tell whether this economy is subject to the law of increasing opportunity costs? (b) Assume that this society is presently producing at combination C. Imagine that this society desires to produce one more unit of food. State the opportunity cost of this action. (c) If the economy is producing at alternative C, what is the cost of one more unit of clothing

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