Write a note on the shift of PPF?
State the assumptions of PPF?
What is opportunity cost? Explain
it with an eg
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when the PPF shift outwards it implies growth in economics when it is shift in words. it indicate that the Economics of in shrinking due to the failure of it allocation of resources and optimal produce capability... a shrinking economic could be a result of decrease in supply of deficiency and Technology...
when an option is chosen of alternative opportunity cost to cost incurred by the note increasing the benefits associate the best alternative choice .. the new Oxford American dictionary define it is as the loss of potential again and other alternative alternative is chosen..
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