1. You go to the movieplex where movies ordinarily cost $9. You are intending to see a movie for which you have a $3-off coupon good for only that movie at that time. However, when you get there you see a friend who asks if you would rather see a new release. Both movies start and end at the same time. If you decide to see the new release with your friend, what is your opportunity cost?
2. In Chapter 2, your book states that Economists play two roles- state these and explain how Economists fill those rolls.
3. Graph the following Production Possibilities Frontiers Curves.

Corn (bushels)	Wheat (bushels)
2,000	0
1,600	700
1,200	1,300
800	1,800
400	2,200
0	2,500

Using the graph you made, answer the following questions using the table above:

1. What is the opportunity cost of increasing the production of corn from 400 bushels to 800 bushels?
2. Explain what the shape of the PPF curve is and why it is shaped that way.
3. Which of the following combinations of corn and wheat is not currently attainable but would be attainable if there was an improvement in overall production technology?
   1. 1,600 bushels of corn and 300 bushels of wheat
   2. 1,200 bushels of corn and 800 bushels of wheat
   3. 1,000 bushels of corn and 2,200 bushels of wheat
   4. 400 bushels of corn and 1,800 bushels of wheat