(Answered) Using the information in the chart above answer the

Management Studies

Using the information in the chart above answer the following questions (hint: drawing the PPF may be helpful in answering these questions):

What is the opportunity cost of Food? Of Clothing?

Is an output combination of 60 units of food feasible and 20 units of clothing feasible? Why or Why not?

Is an output combination of 5 units of food and 10 units of clothing efficient? Why or why not?

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