econ

posted by .

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?

  • econ -

    constant

  • econ -

    fsadfsDF

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. ECONOMICS

    The following table illustrates the points a student can earn on examinations in economics and biology if the student uses all available hours for study. Economics Biology 100 40 90 50 80 60 70 70 60 80 50 90 40 100 Plot this student’s …
  2. economics

    2-4. Based on the information provided in Problem 2-3, what is the opportunity cost to this student of allocating enough additional study time on economics to move her grade up from a 90 to a 100?
  3. econ

    Suppose the country of Maverick has specialized in the production of a good but has not yet entered into trade. At this point in time, Maverick has A. Moved to a level of production outside its production possibilities curve. B. Shifted …
  4. economics

    Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of an additional unit of X for each interval. Is the law of increasing …
  5. economic

    10. Suppose, unfortunately , your mathematics and economics professors have decide to give tests 2 day from now and you can spend only a total of 12 hours studying for exams .After some thought, you conclude that dividend your study …
  6. economic

    Suppose, unfortunately , your mathematics and economics professors have decide to give tests 2 day from now and you can spend only a total of 12 hours studying for exams .After some thought, you conclude that dividend your study time …
  7. Economics

    A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the investment on a $100 arithmetic gradient. He will not set aside additional …
  8. Economics

    A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the investment on a $100 arithmetic gradient. He will not set aside additional …
  9. Economics

    A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the investment on a $100 arithmeticgradient. Hewill not set aside additional …
  10. math

    A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the investment on a $100 arithmetic gradient. He will not set aside additional …

More Similar Questions