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3. Over time, college tuition has gone up both absolutely (it costs more dollars per year) and relatively (it consumes a larger and larger portion of our income). Many people believe that in an economy that has become as productive as the US. economy, college tuition should be more reasonable. Consider society's production possibilities frontier for college education and \"all other goods\" to evaluate the claim that economic growth should reduce college tuition. (That is, consider \"all other goods\" as a single good.) Assume that over time technological advances have been greater for the production of \"all other goods\" than they have been in the production of a college education. To answer this question you will probably want to rst think about how economic growth affects the production possibilities frontier more generally. [Hintz to simplify the analysis, assume that the PPF is linear]