The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $1.5 million. If it would cost $2 million to finish development and make the product, you should go ahead and do so. The most you should pay to complete development is $ million. Save & Continueopic 1 Assignment Imagine a society that produces military goods and consumer goods, called "guns" and "butter," respectively. The following graph shows the production possibilities frontier for guns and butter. X C Guns XO Butter The production possibilities frontier has a bowed-out shape because the opportunity cost of butter rises as less _ butter is producedX C A Guns K B Butter The production possibilities frontier has a bowed-out shape because the opportunity cost of butter rises as less _ butter is produced. less Indicate which of the points are impossible for the economy to achieve and which are feasible but inefficier all that apply. more Characteristic A B C D Feasible but inefficient Impossible for the economy to achieve