You are given the following production possibilities table and productions possibility frontier (Figure 2.1), Figure 2.1...

 

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You are given the following production possibilities table and productions possibility frontier (Figure 2.1), Figure 2.1 Commodity Pizzas Burgers Burgers 975 A 900 700 400 Answer the following questions: B C Production Combinations A B B C D E - 120 240 360 480 975 900 700 400 0 0 D 0 120 240 360 480 The Production Possibilities Frontier (PPF) Pizzas a. What is the opportunity cost of making 360 pizzas? b. What is the opportunity cost of making 900 burgers? c. What is the marginal opportunity cost of increasing pizza production from 120 to 240 pizzas? d. What is the marginal opportunity cost of increasing burger production from 400 to 700 burgers? You are given the following production possibilities table and productions possibility frontier (Figure 2.1), Figure 2.1 Commodity Pizzas Burgers Burgers 975 A 900 700 400 Answer the following questions: B C Production Combinations A B B C D E - 120 240 360 480 975 900 700 400 0 0 D 0 120 240 360 480 The Production Possibilities Frontier (PPF) Pizzas a. What is the opportunity cost of making 360 pizzas? b. What is the opportunity cost of making 900 burgers? c. What is the marginal opportunity cost of increasing pizza production from 120 to 240 pizzas? d. What is the marginal opportunity cost of increasing burger production from 400 to 700 burgers?