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T Normal T No Spac.. Heading 1 Heading 2 Styles Paragraph 2 Chapter 3 Problem and Applications Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studving. 1. Draw Marias production possibilities frontier for reading economics and sociology What is Marias opportunity cost of reading 100 pages of sociology? a. b.
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Answer #1

a ) Ans:

Combinations Pages of Economics Pages of sociology
A 100 0
B 80 50
C 60 100
D 40 150
E 20 200
F 0 250

Fontiey. 200 aso SoCi olo

b ) Ans : Maria's opportunity cost of reading 100 pages of Sociology = 20 pages of Economics

Explanation :

Opportunity cost 100 pages of sociology = ( 80 pages of Economics - 60 pages of Economics )

= 20 pages of Economics

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