D decreasing the price of the other type of good 7 If this s

D. decreasing the price of the other type of good 7. If this society developed a new form of productive technology, draw what would happen to the production possibilities curve directly on the graph above. Use the graph below to complete the following question(s). 10 Bread 8. Refer to the above graph. The total opportunity cost of nine drill presses is: 1 unit of bread 9. Refer to the above graph. The marginal opportunity cost of the fourth unit of bread is: nd nation that is deciding what to produce with yourli 10-14. Imagine that you were part of an isla resources. Graph this society\'s Production Possibilites Curve information below. Label all axis inform Production Possibility Coconuts (millions) (Y axis) Fish (millions)(X axis) 15 12 4 12

Solution

Q9. When economy is producing 3 units of bread, it is also producing 4 units of drill presses and is at point D on its Production Possibility Curve.

Now, as economy produce one more unit of bread that is fourth unit, it moves from point D to E. This movement leads to fall in production of drill presses from 4 units to 0 units.

So, increase in production of bread from 3 to 4 units leads to sacrifice of 4 units of drill presses.

Hence, the marginal opportunity cost of the fourth unit of bread is 4 units of drill presses.