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E Test: ECON1020 Assignment 1 O Retail Firm's PPF Economics in the News May 17, 2020 20 First, study the news article linked below. 18 Malls need major rethink to survive pandemic, retail consultants say 16 O D. is most successful in winter climates 14- 2. The graph shows a APF for a firm that sells shirts in a brick-and-mortar store and also sells shirts online. What combinations of online sales and brick-and-mortar sales can the firm produce? The firm can produce Number of shirts sold inside a store (per hour) A. at any point on the PPF or above the PPF O B. at any point above the PPF O C. at any point on the PPF or inside the PPF OD. any combination anywhere on the graph if its sales are great enough 3 When is the firm producing at a point of allocation efficiency? PPF The firm is producing al a point of allocation efficiency when it produces at 2 4 6 3 10 12 14 16 18 20 Number of shirts sold online (per hour) O A. any point on the PPF O B. the point on the PPF that minimizes marginal cost O C. the point on the PPF at which marginal benefit equals marginal cost O D. the point on the PFF that maximizes marginal benefit Selected: none Delete wear