Draw a production possibilities model with 4 points labelled A, B, C, D, one inside, two on,

Draw a production possibilities model with 4 points labelled A, B, C, D, one inside, two on,

and one outside the production possibilities curve. Explain the 4 points in terms of scarcity, choice and efficiency.Draw a production possibilities model which illustrates economic growth.Draw a production possibilities model and using your own numbers, explain the concept of the law of increasing opportunity cost.