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QUESTION 9 Oliver is writing CML assessment questions for two introductory economics courses at UQ (ECON1010 and ECON1020), and currently finds himself with a
QUESTION 9 Oliver is writing CML assessment questions for two introductory economics courses at UQ (ECON1010 and ECON1020), and currently finds himself with a 4- hour period in which he can complete either task. Oliver's production possibilities curve for the next 4 hours is shown below. ECON1010 (questions/hour) 3 2 1 0 1.75 3.5 5.25 7 ECON1020 (questions/hour) What is Oliver's opportunity cost of writing (producing) a single ECON1010 question? Answer to the nearest two decimal places. [a] ECON1020 questions.
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