1. Discuss the concept of opportunity cost2. Illustrate and explain the Production possibilitiesfrontier (PPF)3. Differentiate Positive and Normative economics4. Considering the current situation, what do youthink the government should prioritize in order toboost the Philippine Economy?

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Economics

1. Discuss the concept of opportunity cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. Discuss the concept of opportunity cost
2. Illustrate and explain the Production possibilities
frontier (PPF)
3. Differentiate Positive and Normative economics
4. Considering the current situation, what do you
think the government should prioritize in order to
boost the Philippine Economy?

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