Total Production (type your answers) Quantity Quantity What is the maximum quantity of wings that Produced Produced of Pizza of Wings can be possibly produced? 0 300 30 280 If the above amount of wings are produced, 50 250 how many pizzas can be produced? 70 200 90 120 100 02 Production Possibilities Frontier Quantity Quantity Produced Produced Draw a PPF (there is a curve below the table that you can tweak if you need it) ........N... .......... of Pizza of Wings . 4- 300 * mark each 30 280 point . :.. . . . .. combination 50 250 *label the axis 70 200 90 120 100 0 .................. ... a . mal Emmatamarmalemam . . . . ... . . . .Production Possibilities Frontier Look at the graph above. What happens if Look at the graph above. What happens if someone wants to make 50 pizzas and 150 wings? someone wants to make 75 pizzas and 250 wings? Write your answer in the space below. Write your answer in the space below.4 Increasing Opportunity Costs Let's start with 0 wings; what is the opportunity cost* of having Quantity Quantity Produced of 120 more wings? Produced of Pizza Wings 80 more (total 200)? 300 50 more (total 250)? 30 280 50 250 30 more (total 280)? 70 200 90 120 20 more (total 300)? *how many pizzas do we have 100 to give up?5 Increasing Opportunity Costs Look at your answers in the previous slide. Do you always increase the same amount of wings? What happend every time you want more wings? Provide your answers in the space below