Given this graph, answer the following questions:

a) At Point C, how many tons of steel and how many tons of wheat can the country produce?

b) Go back to Point C. Is Point C an efficient combination of steel and wheat?

c) Suppose the country produces at Point C, but wishes to alter production in a way that moves to Point

D. In order to boost steel production by 10 tens (from 80 to 90), how much wheat production must be

foregone?

d) Suppose the country produces at B. If the country was to move to Point A in the production

possibilities curve, what is the opportunity cost of gaining 15 more tons of wheat?

e) Given fixed resources, if the country has the choice to produce at Point F or Point G, which point

would be preferable and why?

Suppose a country.r has the ability:r to produce only 2 types of products: steel and wheat. A production possibilities. frontier [curve] representing 1carious production combinations of these products can be seen below: Tons of wheat 20 7'5 EID 9C! 100 Tons of steel