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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 oppurtunity cost of reading 100 pages of sociology?

1 answer

a. Maria's production possibilities frontier for reading economics and sociology can be represented by a line with a slope of -1/3, with the origin at (0,0) and the point (100,200) on the line.

b. The opportunity cost of reading 100 pages of sociology is reading 200 pages of economics.
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