Posted by
**Cathy** on
.

Consider the following production possibilities table:

Option Y X

A 0 100

B 80 80

C 120 50

D 140 10

a)Provide a measure of the approximate marginal opportunity cost of an additional unit of X for each interval. Is the law of increasing cost satisfied? Explain

b) Is the production of 100 units of X and 85 units of Y feasible? Why or why not? If so, is it efficient?

C)Is the production of 80 units of X and 75 units of Y feasible? Why or why not? If so, is it efficient?