Question: Suppose that Yucatan's production possibilities are:
a. Draw a graph of Yucatan's PPF and explain how your graph illustrates a tradeoff.
b. If Yucatan produces 150 kilograms of food per month, how much sunscreen must it produce if it achieves production efficiency?
c. What is Yucatan's opportunity cost of producing (i) 1 kilogram of food and (ii) 1 litre of sunscreen?
d. What is the relationship between your answers to part (c)?