Question: DATA RESPONSE QUESTION ON PRODUCTION POSSIBILITY FRONTIER (PPF) Consider the following data for the harvest of crabs versus the harvest for fish in Jamaica. .

DATA RESPONSE QUESTION ON PRODUCTION POSSIBILITY FRONTIER (PPF) Consider the following data for the harvest of crabs versus the harvest for fish in Jamaica. . . COMBINATIONS FISH CRABS A 100 . 0 B 90 15 70 30 T.D 40 45 0 60 a Graph the production possibility frontier placing fish on the X axis and crabs on the Y. axis (4 marks) b. If crab harvesting increases from 30 to 45, what is the opportunity cost of harvesting fish? (3 marks) What is the economic significance of 25 fish and 50 crabs captured? (3 marks) Assuming an increase in fishing line technology improves the fish captured by 50%; graph the new production possibility frontier. Use the same axis used in part (a) (4 marks) On PPF1 identify the following points

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