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

Consider a change in the table in Problem 2-3. The

student’s 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 student’s 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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