The PPF is: $300 = $2*S + $2*T when 0 S 50 , and the PPF is $500 = $5*S+ $2.50*T when 50lt; S 100 1) Graph this PPF (S on horizontal axis, T on the…

The PPF is:  $300 = $2*S + $2*T when 0≤ S ≤ 50 , and the PPF is $500 = $5*S+   $2.50*T when   50< S ≤100  

1)    Graph this PPF (S on horizontal axis, T on the vertical axis).      

2)    Is the  relative price of S increasing  as more S  is produced?  

"Order a similar paper and get 100% plagiarism free, professional written paper now!"

Order Now