What is marias opportunity cost of reading

Reference no: EM133552725

Question: Maria can read 20 pages of economics an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours a day
studying.

a. Draw Maria's production possibilities fron8er for readingeconomics and sociology.

b. What is Maria's opportunity cost of reading 100 pages ofsociology.

3. What does it mean to have an absolute advantage vs. a comparative advantage in a particular task?

4. What does it mean for a nation to have the lowest opportunity cost of producing a good

Reference no: EM133552725

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