Question: e . Explain in one paragraph how the PPF curve itself in Diagram 1 depicts the economic problem of scarcity for Rosie s Bakery. (

e. Explain in one paragraph how the PPF curve itself in Diagram 1 depicts the economic problem of scarcity for Rosies Bakery. (5pt)
f. Which points in Diagram 1 represent efficiency? Explain. (5pt)
g.Every point on the PPF in Diagram 1 involves a trade-off. Explain this by comparing a combination of related changes in values on the graph. (5pt)
h. From Diagram 1, calculate the opportunity cost of ONE additional cake in the range 8 to 12 with the opportunity cost of ONE additional cake in the range 12 to 14. Show all calculations. (10pt)
i. In Diagram 2, how would explain the shift from PPF1 to PPF2 at Rosies Bakery using economic theory? (5pt)

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