Consider the foil owing table which describes 5 points on a hypothetical product

Question

Consider the foil owing table which describes 5 points on a hypothetical production possibilities curve Use Microsoft Excel to graph the production possibility curve |or frontier), assuming that it consists of straight line-segments connecting points A, B, c, D, and E. As you set up your diagram male sure that you put capital on the horizontal axis and consumption on the vertical axis. Calculate the opportunity cost of additional capital in terms of fewer consumption goods at the points A, B, C, and D on the above production possibilities frontier. You should submit your solution, including the diagram you created in Excel, as a Word document (In other words, you need to cut and paste from Excel into Word and then save and upload the resulting document)

Explanation / Answer

what I sacrifice / what I gain = opportunity cost

At B= 10(less consumption)/10(additional capital)=1

At C=20/10= 2

At D, 30/10= 3

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