Question. Amanda can make either "120 bottles of wine and 0 boxes of chocolates" or "0 bottles of wine and 960 boxes of chocolates" or a combination of wine and chocolates. Amanda's Production Possibility Frontier (PPF) satisfies the property of constant opportunity costs.

PART I

a. (10 points) Draw Amanda's PPF.

b. (10 points) Find Amanda's opportunity cost of a bottle of wine in terms of box(es) of chocolates.

PART II

(20 points) Suppose Amanda takes a course called WINE 103. After the semester is over, she realizes that she can now make either "288 bottles of wine and 0 boxes of chocolates" or "0 bottles of wine and 960 boxes of chocolates" or a combination of wine and chocolates. Find Amanda's new opportunity cost of a box of chocolate in terms of bottle(s) of wine