Suppose that the economy of El Paso creates only cowboy boots and pecans. The production possibilities...

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Suppose that the economy of El Paso creates only cowboy boots and pecans. The production possibilities frontier (PPF) per year for El Paso is illustrated in the graph and is currently producing at the point labeled A. Move point B to show the economy efficiently producing one thousand more cowboy boots. Now, determine the opportunity cost of producing an additional 1000 cowboy boots (i.e., shifting from point A to point B). Enter your answer specified to one decimal place. 5.000 ,000 ,000 3000 A 000 2000 3600 5000 6.000 5,000 Quantity of pecans produced 1.000 2000 3.000 4,000 7.000 Quantity ofsowboy bogg s produced Shift point C to indicate El Paso increasing production of cowboy boots from point B by another thousand. Determine the opportunity cost of shifting from point B to point C. Enter your answer specified to one decimal place. opportunity cost: pecans This PPF exhibits what kind of opportunity costs? Suppose that the economy of El Paso creates only cowboy boots and pecans. The production possibilities frontier (PPF) per year for El Paso is illustrated in the graph and is currently producing at the point labeled A. Move point B to show the economy efficiently producing one thousand more cowboy boots. Now, determine the opportunity cost of producing an additional 1000 cowboy boots (i.e., shifting from point A to point B). Enter your answer specified to one decimal place. 5.000 ,000 ,000 3000 A 000 2000 3600 5000 6.000 5,000 Quantity of pecans produced 1.000 2000 3.000 4,000 7.000 Quantity ofsowboy bogg s produced Shift point C to indicate El Paso increasing production of cowboy boots from point B by another thousand. Determine the opportunity cost of shifting from point B to point C. Enter your answer specified to one decimal place. opportunity cost: pecans This PPF exhibits what kind of opportunity costs?