Q2 - Econ. 1A. Qize 2. Name: - - - - - - - - -. ID....

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Unformatted text preview: Econ. 1A. Qize 2. Name: - - - - - - - - -. ID. --------- (1) (2) (3) (4) (5) 1. Qf (fish) i'1Qf_ _Q.:s..,F (fruit) i'1QF Opp. Cost of fish = ~I i'1Q o 15 2 14 4 12 fl 6 8 10 9 5 0 a. Under what assumptions we can use data in the above table to describe PPF. 1. 2. 3. b. Complete (2), (4) and (5). Is this PPF with increasing opportunity cost? If yes, why? Ifno, why? Answer: -------------zo 2. Answer the following questions based on Figure 1. Let f = fish and F = fruit Ii'1QF/tlQf I= I I I b. Hank's ItlQF/tlQf I= I I I a. Tom's c. Who has CA in producing Qf? d. Who has CA in producing QF? _ _ o "------""- 1M (joO e. If they specialize and trade, find total production of f and F ...
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