Now, answer the following questions:
?Does the Production Possibilities Curve (PPC) illustrate increasing or decreasing opportunity costs?
?What is the opportunity cost to this student of allocating enough additional study time on economics to move her grade from 80 to 100? Provide reasons for your answers.
See the attached file. To make a PPF, first create axis and decide what increments to use. In this case, each increment will represent 10 percentage points in grade. Biology in on the y axis and Economics on the x axis. There are straight lines until the grade ...
The solution discusses opportunity cost and the production possibilities curve.