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Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure. Moe needs to earn at least an 80 in both economics and physics to keep his scholarship. Given his current PPC, an 80 in both classes is ________.
Voidable
Voidable refers to a legal status denoting that an agreement or transaction can be affirmed or rejected at the discretion of one of the parties involved.
Ratification
The act of officially approving or confirming an action, agreement, or decision, often after the fact, to make it valid and binding.
Depreciation
The reduction in the value of an asset over time, particularly due to wear and tear.
Ratify
To formally approve or confirm an agreement or treaty, making it officially valid.
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