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(Solved): 11. a. Draw a graph of Yucatan's PPF and explain how your graph illustrates a tradeoff. b. If Yucat ...
11. a. Draw a graph of Yucatan's PPF and explain how your graph illustrates a tradeoff. b. If Yucatan produces 150 kilograms of food per month, how much sunscreen must it produce if it achieves production efficiency? c. What is Yucatan's opportunity cost of producing (i) 1 kilogram of food and (ii) 1 litre of sunscreen? d. What is the relationship between your answers to part (c)?