pbo m Schneider Ch. 2: 1 . (10) Define opportunity costs. Use the concept of opportunity cost to analyze the decision of whether or not you should do homework tonight. 2. (20) The graph to the right displays a production possibilities curve (PPC) for Education the United States, which must choose PPC for the U.S. between allocating resources towards Televisions (TVs) or Education. 50 A. What is the opportunity cost of E 45 moving from point C to point F? D B. What is the opportunity cost of 30 moving from point D to point E? C. Which points on the graph are considered to be efficient and feasible? Explain briefly. B D. What could cause the PPC to shift out? 20 30 40 TV Type here to search W