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The production possibilities schedule below applies to a country named Zenith that produces just two minerals-gold and silver. Production Possibilities Schedule for Zenith Production Scenario A B C D Silver (kg) 20.4 13.6 8.8 0 Gold (kg) 1 2 8 a. Draw a graph of Zenith's production possibilities curve. Place gold on the horizontal axis and silver on the vertical axis. Plot four points to draw Zenith's production possibilities curve and plot separate points for both scenario E and F. Plot a total of 6 points in the graph below. Production Possibilities Curve for Zenith Silver (kgs) 40 30 20 10 0 Gold (kgs) 2 3 Tools PPC E F b. What is the opportunity cost of gold in terms of silver when Zenith moves from production scenario A to B? The opportunity cost is kgs of silver. What is the opportunity cost of gold in terms of silver when Zenith moves from production scenario B to C? The opportunity cost is kgs of silver. What is the opportunity cost of gold in terms of silver when Zenith moves from production scenario C to D? The opportunity cost is kgs of silver. c. Do your answers In part b satisfy the law of Increasing opportunity costs? (Click to select) d. On your graph, plot the scenario E where 1 kilogram of gold and 10.2 kilograms of silver are produced. Is this combination attainable or unattainable? Why? Attainable, because scenario E is within the production possibilities curve. Unattainable, because scenario E is within the production possibilities curve. Attainable, because scenario E is outside the production possibilities curve. O Unattainable, because scenario E is outside the production possibilities curve. e. Now plot the scenario F where 2 kilograms of gold and 10.2 kilograms of silver are produced. Is this combination attainable or unattainable? Why? Attainable, because scenario F is within the production possibilities curve. O Unattainable, because scenario F is within the production possibilities curve. Attainable, because scenario F is outside the production possibilities curve. Unattainable, because scenario F is outside the production possibilities curve

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