HOW MANY SLICES OF PIZZA WILL YOU EAT? Imagine a day when you've skipped lunch, and you're very hungry for dinner. You know a pizza place that sells pizza by the slice at $2 each. In this hypothetical situation, how many slices of pizza do you think you would purchase and eat? Now with this number in mind, draw a graph of marginal benefit and marginal cost curves that shows your decision to stop buying pizza. YOUR PRODUCTION POSSIBILITIES Suppose that each day you have 16 waking hours to divide between studying (measured in pages read) and socializing (measured in text messages sent). a. Assuming constant opportunity costs, draw your production possibility curve (PPC) with pages read on the x-axis and text messaging on the y-axis. b. Now suppose you complete a speed-reading course that increases the number of pages you can read in an hour. Adjust your PPC from part (a). c. How has the opportunity cost of socializing changed? Can you explain why it has changed