Quelpr

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 2(d)

Explain what the shape of the drawn PPF indicates regarding the opportunity costs of producing an additional unit of pineapples or mangoes.

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Other parts of this question

  1. 2(a)Using the data in Table 1, plot the production possibilities frontier (PPF).[3 marks]
  2. 2(b)Mark the coordinate (300, 300) on your drawn diagram.[1 mark]
  3. 2(c)State why the point (300, 300) does not represent an efficient allocation of resources.[1 mark]

More practice: the rest of this paper · more Central Problem of Economics questions · all CAPE Economics Unit 1 past papers