Question: Please answer a. (Graph)Also answer a. & b. (Drawing graph) Table 1 Boswell Fruit Farm Possible Output Oranges Papayas Combinations (thousands of (thousands of kilos

Please answer a. (Graph)Also answer a. & b. (Drawing graph)

Please answer a. (Graph)Also answer a. & b. (Drawing graph) Table 1

Table 1 Boswell Fruit Farm Possible Output Oranges Papayas Combinations (thousands of (thousands of kilos kilos) A 140 0 120 20 100 38 D 80 52 E 60 64 F 40 74 20 80 H 0 82 a. Graph the Fruit Farm's production possibilities frontier. Put oranges on the horizontal axis and papayas on the vertical axis. Be sure to identify the output combination points on your diagram. (10pt) b. Suppose the Fruit Farm is currently producing at point F. What is the opportunity cost of producing an additional 10,000 kilos of oranges? (5pt) C. Suppose the Fruit Farm is plagued by a maggot infestation which destroys orange trees but not papayas. Explain with a graph what happens to the PPF. (5pt) d. Which of the possible output combinations represent the lowest opportunity cost for one thousand kilos of papayas? Show your calculation is support your answer. (5pt) 3. The following table shows the amount of good A and good B that two countries could produce if they devoted all their resources to that good. Assume both countries have the same quantity of resources and the trade-off between good A and good B remains constant as resources are shifted from one good to another. Answer the questions below and show calculations where appropriate. (25 points) Canada India Good A 600 500 Good B 950 1200 BUSI 1083 MICROECONOMICS YORKVILLE WWW.YORKVILLEU.CA a. Draw a straight-line PPF graph for Canada. (5pt) Draw a straight-line PPF graph for India. (5pt)

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