Describe what a PPC/PPF for your life looks like using possible economics grades on the vertical axis and your life
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Describe what a PPC/PPF for your life looks like using possible economics grades on the vertical axis and your life
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Using your own personal situation, describe what a PPC/PPF for your life looks like using possible economics grades on the vertical axis and your life (describe the various activities with the most important activity nearest the origin of the graph) on the horizontal axis (two dimensional diagram). Label a combination of your Economics Grade & your life as point c. Describe this point. What would you do to find the exact opportunity cost of this point in terms of your economics grade and your life (calculation of slope may be relevant here). What would this point tell you (to receive credit, your posts must answer the questions posed)?
