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TCICC ISIMS Instructions: Answer ALL questions from this section. Question 1 With reference to the table below answer the questions that follow. Production Alternatives Product
TCICC ISIMS Instructions: Answer ALL questions from this section. Question 1 With reference to the table below answer the questions that follow. Production Alternatives Product A B C D E Pizza 0 2 4 6 8 Pepsi 14 12 9 5 0 A. Plot the Production Possiblities curve to illustrate the above data (Put pizza on the Xaxis and pepsi on the Yaxis) ( 8 marks) 8. What does the shape of the curve reveals about opportunity costs? ( 2 mark) C. Suppose that at a new point F, the economy produces 3 pizzas and 9 Pepsis. Show this point an the PPF. What does it indicate? ( 4 marks) D. What is the opportunity cost of moving from Points
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