prblem 2 and 3 not problem one 2 and three Problem 1: PPF and calculating Opportunity Cost

prblem 2 and 3

not problem one 2 and three

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Problem 1: PPF and calculating Opportunity Cost The following is Omar's PPF for two goods cheese and milk. QMilk in L 20 13 9 A C DB CCheese in Kg 9 10 1. Is it possible for Omar to produce 9Kg of cheese and 9 L of milk? Explain. 2. What levels of production of Milk and Cheese is most efficient for Omar? Explain. 3. Calculate the Opportunity Cost of production of Cheese in terms of Milk for Omar. 4. Calculate the Opportunity Cost of production of Milk in terms of cheese for Omar. 5. What would you say about the Opportunity Cost in this case of PPF? 6. Is it possible for Omar to produce 10 Kg of cheese and 20 L of milk? Explain. How could Omar attain level C of production? Graph his new PPF. Problem 1: PPF and calculating Opportunity Cost The following is Omar's PPF for two goods cheese and milk. QMilk in L 20 13 9 A C DB CCheese in Kg 9 10 1. Is it possible for Omar to produce 9Kg of cheese and 9 L of milk? Explain. 2. What levels of production of Milk and Cheese is most efficient for Omar? Explain. 3. Calculate the Opportunity Cost of production of Cheese in terms of Milk for Omar. 4. Calculate the Opportunity Cost of production of Milk in terms of cheese for Omar. 5. What would you say about the Opportunity Cost in this case of PPF? 6. Is it possible for Omar to produce 10 Kg of cheese and 20 L of milk? Explain. How could Omar attain level C of production? Graph his new PPF.