Carefully read the following table showing the production data for cars and bicycles: Possibility Cars (hundreds)...

Carefully read the following table showing the production data for cars and bicycles:

Possibility	Cars (hundreds)	Bicycles (hundreds)
A	15	0
B	11	5
C	8	7
D	5	9
E	0	11

A. Determine the opportunity cost of additional production at different outputs. you can just list it as possibilities A,B, C, D, and E

B. Determine which particular combination(s) is most efficient.

C. Identify a combination that is inefficient (Free Lunch).

D. What are the components of an attainable allocation?

E. What are the conditions for economic growth, where an economy can produce more cars and bicycles?

give the answer for each question please

Expert Solution

Rahul Sunny answered 2 years ago

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Carefully read the following table showing the production data for cars and bicycles: Possibility Cars (hundreds)...

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