lectur12-page21

lectur12-page21 - production possibilities curve i.e To get...

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

View Full Document Right Arrow Icon
21 The PPC curve illustrates 3 concepts: (assuming resources are fully employed) Opportunity cost: This is due to the downward slope of the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: production possibilities curve. i.e. To get more non-agricultural goods, you must give up some agricultural goods....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online