Consider the production possibilities of Nigeria below . It's citizen produce two goods , cocoa...

Consider the production possibilities of Nigeria below . It's citizen produce two goods , cocoa and cotton , according to the production possibilities schedule
Cocoa : 0. 150. 300. 450. 600. 750. 900
Cotton : 450. 375. 300. 225. 150. 75. 0

1) what is the opportunity cost of a unit of cotton ( in terms of cocoa)
2) is the opportunity cost of producing cotton constant or increasing
3) if the economy is initially producing and consuming 450 unit of cocoa and 225 unit of cotton , what will be the cost of increasing cotton production to 375 unit
4) why would Nigeria decide to make such a change?

In University of Calabar
2 Answers Available
Asked by Titilope on 1st February, 2022