Economics  PPF
posted by Anonymous on .
Points on the graph:
A(4,140)
B(12,120)
C(8,100)
D(14,80)
E(8,60)
a) According to the PPF, Person A has ___ hours to allocate between work and leisure.
b) Between points C and E, the opportunity cost of earning an additional $10 income is ___.
c) Between points C and A, the opportunity cost of one hour leisure is ___ in forgone income.

a) 8 (I looked at point C and did the slope of the point...)
b) 0 (I think it's 0 because no opportunity lost over leisure??)
c) $10 (took the difference between the pointsbasically rise/run and got $10...)
Are my answers correct? If not, please correct them? Thanks.

Unfortunately, I am having trouble visualizing the graph. what are on each axis? Is the PPF on the graph drawn? Are you given a wage rate?
b) is unlikely to be right as about everything we do has an opportunity cost, including giving up leisure time. 
Wage rate is not given, hours (leisure) on xaxis, income (work) on yaxis