Participate in a discussion regarding the production possibilities frontier, which is a model of scarcity, choice, and opportunity cost. Review the "EYE on Your Life" caption titled, Your Production Possibilities Frontier, within Section 3.1 in the textbook. Discuss and apply this model to your life by describing your forgone leisure or forgone income as your tradeoff for a higher GPA score. A lower grade is the opportunity cost of increased leisure or increased income. Also identify your position point on the PPF, and indicate how many study hours you're planning to set-aside to complete coursework in this class.