Question

Explain using a PPC, the concept of opportunity cost.

Answer 1

here is ur answer dude

Key model. The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. ... The bowed out shape of the PPC in Figure 1 indicates that there are increasing opportunity costs of production.

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Answer 2

Answer:

the production possibilities curve ( ppc ) is a model that captured scarcity and the opportunity cost of choices when faced with the possibility of producing to goods or service .