Redraw Figure, but this time identifies a different set of points along the frontier. Starting at point F (5,000 tanks, zero production of wheat), have each point you select show equal increments in the quantity of wheat produced. For example, a new point H should correspond to 200,000 bushels of wheat, point J to 400,000 bushels, point K to 600,000 bushels, and so on. Now observe what happens to the opportunity cost of €œ200,000 more bushels of wheat€ as you move leftward and upward along this PPF. Does the law of increasing opportunity cost apply to the production of wheat? Explainbriefly.

ProductGo Markets Goods Demanded & Households Business Firms Resour al Supplied Resource Labor, Land,c