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- Can the Production Possibility frontier be used to calculate opportunity cost?If yes, how?How do economists address the 3 central questions that economists ask to better understand decision makers’ of higher education behaviors on : Who is the decision maker? What goal is the decision maker trying to achieve? What are the decision maker’s constraints?Which of the following economic concepts can be defined as the next best alternative given up when individuals, business, and governments conform scarcity by making choices