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Prepare the following exercise: The Sunland company has the following production possibilities: Food (Pounds per...

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Question

Accounting

Prepare the following exercise:

The Sunland company has the following production possibilities:

Food (Pounds per month)

Sunscreen (gallons per month)

300

and

0

200

and

fifty

100

and

100

0

and

150

Sketch the graph of the production possibilities frontier. What is the firm's opportunity cost of producing 1 pound of food? What is the firm's opportunity cost of producing 1 gallon of sunscreen?

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