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July 30, 2015

Homework Help: economics

Posted by Bob on Sunday, March 24, 2013 at 9:17pm.

Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying.

a. Draw Maria's production possibilities frontier for reading economics and sociology.
b. What is Maria's oppurtunity cost of reading 100 pages of sociology?

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