Kindly answer question 4

4. (4 points) A manufacturing plant has 100 hours of employee labor each day to divide between the die casting of gears (Good 1) and the CNC machining of levers (Good 2). One hour of employee labor in die casting always produces 10 gears. The output of one hour of labor in CNC machining depends on Whether the plant upgrades its CNC machine. With the standard machine, one hour of labor produces 2 levers. With an upgraded machine, one hour of labor produces 5 levers. (a) Sketch one production possibilities frontier (PPF) with the standard CNC machine and another with the upgraded CNC machine. Label the axis intercepts of each PPF. Q2 Q1 (b) What is the opportunity cost of one gear (Good 1) in units of levers (Good 2) with the standard CNC machine? With the upgraded CNC machine