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lectur12-page3 - Or a person could use their time to do...

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3 Production Possibilities 2. play all the time = possibly a very ignorant person 3. do both, one at the expense of the other alternative such that: A person could use this time to play or party all the time.
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Unformatted text preview: Or, a person could use their time to do both, but one at the expense of the other (opportunity cost)....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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