Suppose the country of Portland can choose to produce microbrews, bicycles, or both and that Portland's production exhibits constant opportunity cost....

Suppose the country of Portland can choose to produce microbrews, bicycles, or both and that Portland’s production exhibits constant opportunity cost. Given full employment of its resources, Portland is capable of producing 5,000 bicycles. The opportunity cost of producing a microbrew is 0.20 bicycles. Draw the production possibility frontier of Portland (with bicycles on the horizontal axis). Show all cal- culations.