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1. Suppose you must divide your time between studying for your biology final and writing a final paper in economics class. The time and grades
1. Suppose you must divide your time between studying for your biology final and writing a final paper in economics class. The time and grades in the two classes are as follows.
Table 1.
Choice Biology Grade Economics Grade Time Spent on Biology Course
A 95 0 100
B 90 40 80
C 80 60 60
D 60 75 40
E 45 85 20
F 0 90 0
1a. Draw a Production possibility curve graph using the above data in Table 1.
1b. Are there increasing opportunity costs from spending more time on Biology? Explain.
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