Alyssa can read 40 pages of economics in an hour. She can also read 30 pages...
Alyssa can read 40 pages of economics in an hour. She can also read 30 pages of philosophy in an hour. She spends 4 hours per day studying.
Use the blue line (circle symbol) to draw Alyssa's production possibilities frontier (PPF) for reading economics and philosophy.
PPF020406080100120140160180200200180160140120100806040200Economics PagesPhilosophy Pages120, 0Y-Intercept: 160X-Intercept: NoneSlope: 0
Alyssa's opportunity cost of reading 60 pages of philosophy is
pages of economics.
Homework Answers
Refer the attached picture below
Thus, 160 economics pages is equal to 120 philosophy pages. Opportunity cost of 60 pages of philosophy pages are
60 pages of philosophy = 80 pages of Economics pages.
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