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Relative price of s increasing as more s is produced

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Reference no: EM131825704

The PPF is:  $300 = $2*S + $2*T when 0≤ S ≤ 50 , and the PPF is $500 = $5*S+   $2.50*T when   50< S ≤100  

1) Graph this PPF (S on horizontal axis, T on the vertical axis).

2) Is the relative price of S increasing  as more S  is produced?

Reference no: EM131825704

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