lectur12-page21

Lectur12-page21 - production possibilities curve i.e To get more non-agricultural goods you must give up some agricultural goods.

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21 The PPC curve illustrates 3 concepts: (assuming resources are fully employed) Opportunity cost: This is due to the downward slope of the
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Unformatted text preview: production possibilities curve. i.e. To get more non-agricultural goods, you must give up some agricultural goods....
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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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