03-ppf jpw - PREVIEW Lecture 3 The PPF: Position,...

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microL3-F2010 page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ PREVIEW Lecture 3 The PPF: Position, Properties and Opportunity Costs Dr. Jennifer P. Wissink September 2, 2010 ©2009 John M. Abowd and Jennifer P. Wissink, all rights reserved.
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microL3-F2010 page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Women's Salaries Back On Top For Younger Set NPR, by Yuki Noguchi http://www.npr.org/templates/story/story.php?storyId=12958 Bad circulation: There is more to America’s stubbornly high unemployment rate than just weak demand The Economist: Economics focus, Aug 26th 2010 http://www.economist.com/node/16889105
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microL3-F2010 page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ The PPF: Our Simple Model Typical teaching set-up: Two final goods Two input goods and final goods technologies Frontier is a graph Frontier shows the maximum amount of one good you can produce given a fixed amount of the other.
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microL3-F2010 page http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ The PPF: What’s It Look Like? Its location depends on the
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03-ppf jpw - PREVIEW Lecture 3 The PPF: Position,...

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