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Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour, assuming she does not do anything else in that hour. She spends 5 hours per day studying.

A. Draw Maria's production possibilities frontier (PPF) for reading economics and sociology assuming there are 5 hours of study per day. Identify the slope and intercepts for this PPF.

B. What is Maria's opportunity cost of reading 100 pages of sociology.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9694854

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