Can you help with e and f? **Production Possibilities and Opportunity Cost****Question 1f:**If the economy is currently producing at point B, the opportunity cost of consumer goods is ____.- ○ 25 consumer goods- ○ 15 capital goods- ○ 15 consumer goods- ○ 25 capital goods**Question:**The opportunity cost of shifting production from point E to point D is ____.- ○ 25 consumer goods- ○ 25 capital goods- ○ 45 consumer goods- ○ 45 capital goods**Explanation:**This exercise involves understanding opportunity cost, which is the cost of foregoing the next best alternative when making a decision. In the context of production possibilities, it typically means choosing between producing different types of goods (e.g., consumer goods vs. capital goods). The correct answer depends on specific data from production possibilities graphs not provided in the text. ## Production Possibilities Analysis### 1a. Production Possibilities DataUsing the following combinations as Production Possibilities data for consumer goods and capital goods, answer the following questions:| | A | B | C | D | E ||---------|----|----|----|----|----|| Consumer Goods | 0 | 25 | 50 | 75 | 100|| Capital Goods | 100| 90 | 75 | 45 | 0 |### b. Graphing the Production Possibilities ScheduleIn the space below, graph the above production possibilities schedule. (Label everything):*(Note: This requires creating a graph with Consumer Goods on the X-axis and Capital Goods on the Y-axis. Plot each point from the table: A (0, 100), B (25, 90), C (50, 75), D (75, 45), E (100, 0) and connect them to form the production possibilities frontier.)*### c. Opportunity Cost from Point D to Point CWhat is the opportunity cost from point D to point C? Show formulas, calculations, answers, and a brief analytical statement.### d. Opportunity Cost of Two Goods from Point A to Point BWhat is the opportunity cost of two goods from point A to point B? Show formulas, calculations, answers, and a brief analytical statement.### e. Shift from Point E to Point DIf our economy desires to shift from point E to point D, what is the opportunity cost? Show formulas, calculations, answers, and a brief analytical statement.### f. Opportunity Cost at Point BIf the economy is currently producing at point B, what is the opportunity cost of consumer goods? Show formulas, calculations, answers, and a brief analytical statement.

Name: Can you help with e and f? **Production Possibilities and Opportunity
Uploaded: 2022-06-13T20:40:08.000Z
Channel: Bartleby
Description: Can you help with e and f? **Production Possibilities and Opportunity Cost****Question 1f:**If the economy is currently producing at point B, the opportunity cost of consumer goods is ____.- ○ 25 consumer goods- ○ 15 capital goods- ○ 15 consumer good