1. Suppose an economy has a production possibilities frontier characterized by the equation X 2 + 4Y 2 = 100 (a) What is the most X that can be

1. Suppose an economy has a production possibilities frontier characterized by the equation X 2 + 4Y 2 = 100 (a) What is the most X that can be produced? The most Y ? (b) Graph the frontier (you will have to nd at least three points on the frontier to do this). (c) What is the formula for the opportunity cost of X in terms of Y in this economy?