The Production Possibility Frontier for a hypothetical economy is represented by the graph below. 120 B 90 LCD televisions C 40 60 80 Plasma televisions a) If the economy is currently at point A what is the opportunity cost of moving from point A to point B? b) Calculate the marginal rate of transformation in moving from point A to point B. c) For this economy to move from Point B to Point C, should the production of LCD TVs be reduced by more or fewer than 30? d) Does the law of increasing opportunity cost apply to this economy? Explain briefly