Question: how to solve AP Macro Topic 1.2 The Production Possibilities Curve Part 1. Check Your Understanding and pretzels At any given perour grand of time,

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AP Macro Topic 1.2 The Production Possibilities Curve Part 1. Check Your Understanding and pretzels At any given perour grand of time, the berg is in 19 try wetzels or a combination of the fum according to the ionin Sierra Goods Produced Chips (Bags Pretzels (Bags) Can the economy of Macrostan produce (15 bags of chips at the same time that they produce 25 bags of pretzels? Why or why not? 2. Identify a specific combination of chips and pretzels that would represent an inefficient use of Macrostan's resources, Explain. 3. Assume that Macrostan produces at combination A. Is that combination efficient or inefficient? Why or why not? 4. How would a technological change that increases the production of only pretzels affect the production of chips? Explain. 5. Use the numbers in the table to draw a production possibilities curve on the graph to the right. Be sureto /( label the axes and each combination (A-E). 14 6. Calculate the opportunity cost if Macrostan switched from producing combination A to producing B. 12 7. Calculate the opportunity cost if Macrostan switched 10 from producing combination B to producing C. 8. Suppose that Macrostan is producing combination C. Show what will happen on the graph if there is a O 20 30 40 50 decrease in demand for chips

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