a. Draw the Production Possibilities Curve.
b. Determine the opportunity costs for a move from A to B; B to C; and C to D.
CHOICE
|
OIL / barrels
|
WHEAT / bushels
|
A
|
5000
|
0
|
B
|
4500
|
10000
|
C
|
2500
|
20000
|
D
|
0
|
25000
|
a.)
b.) A to B: _____________ B to C: __________________ C to D: _________________