Q 2. Suppose, country "A" has all the production resources and technology to produce pizza and Computers. The following data shows the possible production combinations (trade-offs) of the Televisions and Computers you can produce.: Possible Choices A B C D E Pizza produced 0 4 8 12 16 20 24 Computer produces 42 40 36 30 22 12 0 F G a. Draw the graph of production possibilities frontier and mark the points A, B, C, D, E, F and G on the PPF. b. How many Computers will be "trade-off" with Pizza when the country "A" decide to move from point "C" to "D"? c. Mark (identify) the allocative efficiency (Resources Efficient) point on the Production possibility frontier curve in the Graph? And Explain how can you identify this point

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Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.