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What is firm opportunity cost of producing one pound of food

    Assignment Instructions

    Assignment ID: FG133135884

    Question – The Sunland company has the following production possibilities:

    Food (Pounds per month)

    Sunscreen (gallons per month)

    300

    0

    200

    50

    100

    100

    0

    150

    Required –

    1. Sketch the graph of the Production Possibility Frontier.

    2. What is the firm’s opportunity cost of producing 1 pound of Food?

    3. What is the firm’s opportunity cost of producing 1 gallon of sunscreen?

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