QUESTION 20

1. Assume for Senegal that the opportunity cost of each fish is 100 peanuts. Which of these pairs of points could be on Senegal's production possibilities frontier?
2. (300 fish, 60,000 peanuts) and (200 fish, 80,000 peanuts)
3. (300 fish, 60,000 peanuts) and (200 fish, 50,000 peanuts)
4. (200 fish, 30,000 peanuts) and (150 fish, 35,000 peanuts)
5. (200 fish, 40,000 peanuts) and (150 fish, 30,000 peanuts)