Identify the slope and intercepts for the ppf

Reference no: EM13223406

Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour, assuming she does not do anything else in that hour. She spends 5 hours per day studying.

A. Draw Maria's production possibilities frontier (PPF) for reading economics and sociology assuming there are 5 hours of study per day. Identify the slope and intercepts for this PPF.

B. What is Maria's opportunity cost of reading 100 pages of sociology.

Reference no: EM13223406

Questions Cloud

State an equation to show how the base naoh : Write an equation to show how the base NaOH(s) behaves in water. Include states of matter in your answer.

Calculate the capacity of each machine center : Calculate the capacity of each machine center and the capacity of the system.

How many cases should be produced each day : Cases not sold during the day are sold to a food processing plant for $1 each, but cases can only be produced in the morning before the store opens. If you wish to maximize expected profit, how many cases should be produced each day?

Explain enthalpy for a reversible adiabatic expansion : For this system, calculate the change in entropy (ΔS), the change in internal energy (ΔU), and the change in enthalpy (ΔH) for a reversible adiabatic expansion of this gas to a final pressure of 1.10 atm. Also calculate the final temperature (T) a..

Identify the slope and intercepts for the ppf : Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour, assuming she does not do anything else in that hour. She spends 5 hours per day studying. A. Draw Maria's production possibilities frontier (PPF) f..

Pto system and traditional leave system : Identify any additional information you would need to recommend a solution, and explain where you would likely find that information and discuss any issues you would likely encounter if you were to merge the PTO system to a traditional leave system. ..

How to improve productivity in non-hospital organizations : describe how to improve productivity in non-hospital organizations e.g. American Heart Association, Lupus Foundation, Alzheimer's Association etc. What are the differences in applying the model to the non-hospital setting? Are there any special ch..

Which communication medium or channel would you use : What steps would you take to decrease the amount of noise that can decrease the effectiveness of your message?

Derive the average costs of producing devices per year : The Haverford Company is considering three types of plants to make a particular electronic device. Plant A is much more highly automated than plant B, which in turn is more highly automated than plant C. For each type of plant, average variable co..

User Account

All Pages