Unit 2 In-Class Exercise (4) (3).docx - Unit...

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Unit 2—Production Possibilities and Comparative AdvantageAcres planted with coffeeProductionCoffeeTea 001011921.9832.7743.4654564.5474.9385.2295.41105.50A farmer has 10 acres of land and has to choose between planting coffee trees and tea bushes. The table shows the production (in thousands of pounds) of coffee and tea as a function of the number of acres planted with coffee. In the space below, graph the production possibility frontier between coffee and tea.Based on the table and your graph, which of the following combination(s) of coffee and tea output is (are) attainable?a.(4.9, 3)c. (4.4, 3.5)e. All of the combinations
What is the opportunity cost in terms of tea of increasing coffee production from 4,000 to 4,900

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