College Paper Writing Service-After a periodof goodgrowing weatherAustralia produced a plentiful wheat crop- does this mean that it will not have a scarcity problemin regards to wheat?

College Paper Writing Service-After a periodof goodgrowing weatherAustralia produced a plentiful wheat crop- does this mean that it will not have a scarcity problemin regards to wheat?

a. Joan, who has been a university student for a year, has just started a new job. She realises that if she works more hours there will be an impact on her grades. The following is Joan’s production possibility table for work and her average grades:

	Choices
Production possibilities	Grade (%)	Work (hours per week)
A B C D E	0 20 40 60 80	60 55 45 30 0

From the figures in the table above:

i. Plot the production possibility curve for Joan.

ii. Explain the concept of increasing opportunity cost using the production possibility table and curve plotted in Q1ai above.

iii. If the opportunity cost of Joan increasing her grade was constant regardless of how many hours she worked, what would be the shape of her production possibility curve? Draw this graph. Which of the two shapes would be more likely, and why? 

iv. What would be happening if Joan’s combination of her grades and hours of work per week were below the curve asplotted above in Q1ai? 

v. How could Joan push her combination of her grades and hours of work per week past the current curve?

b. After a periodof goodgrowing weatherAustralia produced a plentiful wheat crop- does this mean that it will not have a scarcity problemin regards to wheat? Provide reasons for your answer