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ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558 Exercise 1
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 studying.
a. Draw Maria's production possibilities frontier for reading economics and sociology.
b. What is Maria's opportunity cost of reading 100 pages of sociology?
a. Draw Maria's production possibilities frontier for reading economics and sociology.
b. What is Maria's opportunity cost of reading 100 pages of sociology?
Explanation
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(a) Maria's production possibility Front...
ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
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