QUESTION 1 (a) The Free State is endowed with many minerals. Using the figures in the table below, plot the production p

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Question 1 A The Free State Is Endowed With Many Minerals Using The Figures In The Table Below Plot The Production P 1 (58.4 KiB) Viewed 19 times

QUESTION 1 (a) The Free State is endowed with many minerals. Using the figures in the table below, plot the production possibilities curve (PPC) for gold and coal produced (tonnes) per day with the available resources.. (b) (c) Possibility A B C D E F G Gold per day 0 100 190 280 350 390 400 Coal per day 380 370 350 300 220 100 0 Indicate where output is unattainable due to scarcity. (Possibility H) Indicate at what points are efficient output combinations (Possibility I) (d) Indicate where inefficient output combinations exist (Possibility J) (e) Indicate opportunity cost (Possibility K) (8) (3) (3) (3) (3) [20]