lectur12-page3

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Or, a person could use their time to do both, but one at the expense of the other (opportunity cost)....
View Full Document

Ask a homework question - tutors are online