Question: DATA RESPONSE QUESTION 0N PRODUCTION POSSIBILITY FRONTIER (PPF) Consider the following data for the production of buns versus the production of juice in Jamaica. A.

DATA RESPONSE QUESTION 0N PRODUCTION POSSIBILITY FRONTIER (PPF) Consider the following data for the production of buns versus the production of juice in Jamaica. A. Graph the production possibility frontier placing bun on the X axis and juice on the Y axis. (7 marks) B. If bun production increases from 5 to 12, what is the opportunity cost of producing juice? (3 marks) C. Dene the concept of increasing opportunity cost and give an example. (5 marks) D. Assuming an increase in bun producing technology improves its production by 50%; graph the new production possibility frontier. Use the same axis used in part (A). (4 marks)

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