July 22, 2014

Homework Help: econ

Posted by rayne on Wednesday, September 14, 2011 at 10:58am.

Consider a change in the table in Problem 2-3. The
studentís set of opportunities is now as follows:
Economics Biology
100 40
90 60
80 75
70 85
60 93
50 98
40 100
Plot this studentís production possibilities curve.
Does the PPC illustrate increasing or decreasing opportunity
costs? What is the opportunity cost to this
student for the additional amount of study time on
economics required to move her grade from 60 to 70?
From 90 to 100?

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