Question: Question 1 ( 2 points ) When constructing a production possibilities frontier, which of the following assumptions is not made?The economy produces only two goods

Question 1(2 points)When constructing a production possibilities frontier, which of the following assumptions is not made?The economy produces only two goods or two types of goods.Firms produce goods using factors of production.The technology available to firms is given.The quantities of the factors of production that are available are increasing over the relevant time period.
Question 2(2 points)Consider Luis's decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Luis's cost of going to college is$33,800.$42,600.$49,800.$57,000.

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