Unformatted text preview: goods and services. Points not on the production frontier that are outside (points above and to the right of the PPC) are considered to be “unattainable combinations” of ag. and non-ag. commodities. Points outside of the production frontier are considered unattainable because we do not currently have the resources or the technology to produce those combinations of ag. and non-ag. goods and services. If we had access to more resources, or new technology, then the production frontier would be shifted outward and would encompass some new points that were once unattainable....
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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.
- Fall '10