b) From Table 1.22, draw Jennifer's production possibilities curve between movies watched and pages studied on the grid in Figure 1.16. c) What is the opportunity cost of watching 2 movies? d) Could Jennifer watch 3 movies and study 150 pages of her textbook? e) If Jennifer has already watched 4 movies, what is the opportunity cost of watching the fifth movie?
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16. The graph shows that for every 40 movies watched, there are 200 pages of the textbook. So, the opportunity cost of watching 2 movies would be 2/40 * 200 = 10 pages of the textbook. Show more…
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