Illustration of Opportunity Cost & the PPC
Please help with the following questions.
Does the PPC illustrate increasing or decreasing opportunity cost?
What is the opportunity cost for this student for the additional amount of study time on economics required to mover her grade form 60 to 70?
What is the opportunity cost for this student for the additional amount of study time on economics required to mover her grade from 90 to 100?
Economics Biology
100 40
90 60
80 75
70 85
60 93
50 98
40 100
https://brainmass.com/economics/microeconomics/illustration-of-opportunity-cost-the-ppc-446728
Solution Preview
See the attached file for the graph.
>Does the PPC illustrate increasing or decreasing opportunity cost?
Increasing. To continue to ...
Solution Summary
This solution illustrates the production possibilities curve (PPC) of a student who must divide her time between studying for two exams.