answer the questions that follow, Groundnut (in tonnes) 0 500,000 750,000 1,200,000 1,500,000 1,800,000 2,000,000 of commodides a are cotton and groundnut. Use the Cotton (in tonnes) 1,500,000 1,250,000 1,000,000 800,000 500,000 350,000 0 a) Define the concept Production Possibility Curve (PPC). b) What is the opportunity cost of producing the following: i. 800,000 tonnes of cotton ii. 1,500,000 tonnes of cotton iii. 1,800,000 tonnes of groundnut iv. 2,000,000 tonnes of groundnut Anut Possibilities A B C D E F H
