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Homework 1A: Production Possibility Frontier (m); Question Please use the PPF data below to answer the following questions. Assume the points satisfy the assumption of full employment and xed technology in this economy. The two goods the economy produces are bags of tea and bags of snacks in these combination: Tea Snacks A 0 14 B l 13 C 2 10 D 3 6 E 4 0 a) What is the opportunity cost per-unit gained when moving production from point (0.5 points each) i. B to C? ii. D to C? iii. E to D? iv. A to B? b) . If the economy is currently producing 10 bags of snacks, what is the opportunity cost per unit of producing two more bags of tea? 0) Is point B efcient? Why? d) If the economy is currently producing at a point F, which is 3 bags of tea and 5 bags of snacks, what is the economy doing? e) Why does this PPF have a bowed-out (concave) shape? f) How can the economy increase its production of both tea and snacks? g) Graph the PPF with and show an increase in its production