Question: 3. Plot the PPC given by the following data. Combination Health Care All Other Goods A O 100 B 25 90 G 50 70 D

3. Plot the PPC given by the following data.

Combination Health Care All Other Goods A O 100 B 25 90 G 50 70 D 75 40 E 100 0

a. Calculate the opportunity cost of each combination compared to the combination before. Compare A to B, B to C, C to D, anD tdo E .

b. What is the opportunity cost of combination C?

Appendix to Chapter 1 / Working with Graphs

c. Suppose a second nation has the following PPC.

Plot the PPC and then determine which nation has a comparative advantage in which activity. Show whether the two nations can gain from specialization and trade.

Combination Health Care All Other Goods A O 50 B 20 40 C 40 25 D 60 5 E 65 O

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