This is a file upload question. Please hand-write your solut…

This is a file upload question. Please hand-write your solution in a piece of paper, take a picture and upload your file (or send me through Canvas Inbox or at haruko.muratainouye@chaffey.edu). Typed answers will not be accepted!   Use the table below and answer the following:  PPF’s points and data for bicycles and cars Points Bicycles Cars A 5000 0 B 4800 100 C 4300 200 D 3400 300 E 0 400 Draw a PPF map (put bicycle in the vertical axis and car in the horizontal axis), showing all the points on the PPF. What is the opportunity cost of an extra car when you are on segment BC? What about when you are at segment CD? (i.e., how many bicycles you have to give up in order to get an extra car? Show your work!) What is your PPF’s shape? Is it a straight line or does it have a bowed outward shape? Justify! Suppose that a new tariff is imposed on steel, affecting the production of both bicycles and cars, as importing steel becomes more expensive. Illustrate this effect on your PPF map!