Using a production possibility curve, show how opportunity cost can be used to show the trade offs involved?
Answers
Answered by
2
Answer:
yes I have to do this problem but it was the most
Answered by
5
Answer:
The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associatedwith allocating resources between theproduction of two goods. The PPC can be usedto illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.
Similar questions