CS 2 PPB - The inverse of the abs slope of the PPB = the cost of producing 1 unit of the vertical good(consumer in terms of the horizontal

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

View Full Document Right Arrow Icon
Class Supplement # 2 Production Possibilities Boundary COST OF CAP'L COST OF Q Q PER UNIT CAP'L CONS CAP'L COMB'N A B C D E The absolute value of the slope of the PPB = the cost of producing one unit of the horizontal good (capital) in terms of the vertical good (consumer).
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The inverse of the abs. slope of the PPB = the cost of producing 1 unit of the vertical good (consumer) in terms of the horizontal good (capital). d:\econ202\CS\CS 2 PPB.qpw...
View Full Document

This note was uploaded on 02/13/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.

Ask a homework question - tutors are online