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Chapter 2: Q 6 (page 45)

The following table illustrates the points a student can earn on examinations in economics and biology if the student uses all available hours for study. Plot this student鈥檚 production possibilities curve. Does the PPC illustrate the law of increasing additional costs?

EconomicsBiology
10040
9060
8075
7085
6093
5098
40100

Short Answer

Expert verified

The PPC illustrates the law of increasing additional cost as the increase in Biology marks decreases the marks of Economics and vice versa.

Step by step solution

01

Step 1. Given Information.

The data for Economics and Biology marks is,

EconomicsBiology
10040
9060
8075
7085
6093
5098
40100
02

Step 2. PPC

The PPC illustrates the law of increasing additional cost as the increase in Biology marks decreases the marks of Economics and vice versa.

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