Draw a production possibilities curve based on Table 1.1, labeling combinations A-F. What is the opportunity cost of increasing missile production?

TABLE A.1 Hypothetical Relationship of Grades to Study Time

These data suggest that grades improve with increased study time.

Study time (Hours per Week)          Grade Point Average

16 ...................................................................... 4.0 (A)

14 ..................................................................... 3.5 (B+)

12 ........................................................................ 3.0 (B)

10 ..................................................................... 2.5 (C+)

8 ........................................................................ 2.0 (C)

4 ........................................................................ 1.0 (D)

2 ....................................................................... 0.5 (F+)

0 ........................................................................... 0 (F)

(a) From 0 to 50?

(b) From 50 to 100?