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QUESTION

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?  

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