1. The following table provides information about the production possibilities frontier of Athletic Country. 1.1. Plot...

1. The following table provides information about the production possibilities frontier of Athletic Country.

1.1. Plot and connect these points to create Athletic Country's production possibilities frontier.
1.2. If Athletic Country currently produces 100 bats and 400 rackets, what is the opportunity cost of an

additional 100 bats?
1.3. If Athletic Country currently produces 300 bats and 300 rackets, what is the opportunity cost of an

additional 100 bats?
1.4. Why does the additional production of100 bats in part 1.3 cause a greater trade-off than the additional

production of 100 bats in part b?
1.5. Suppose Athletic Country is currently producing 200 bats and 200 rackets. How many additional bats

could they produce without giving up any rackets? How many additional rackets could they produce

without giving up any bats?
1.6. Is the production of 200 bats and 200 rackets efficient? Explain.

BATS	RACKETS
0	420
100	400
200	360
300	300
400	200
500	0

Expert Solution

Rahul Sunny answered 2 years ago

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