2. The following table shows scores a student can earn on two upcoming exams according to the...

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2. The following table shows scores a student can earn on two upcoming exams according to the amount of time devoted to study:

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a. Plot the production possibilities frontier.

b. Does the production possibilities frontier exhibit the law of increasing relative cost?

c. If the student wishes to move from a grade of 60 to a grade of 88 in economics, what is the opportunity cost?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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