Types of A B C D E Production Cereal 0 250 450 650 850 Bread 130 117 109 89 0 a. Using the table above draw a production possibility curve for cereal and bread using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C) I C. What is the opportunity cost of moving from A to B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E? f. "In what way does an understanding of the shift of the PPC help businesses/countries make production decisions? |

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