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Scarcity, Opportunity Costs, and the Production Possibilities Curve Scarcity, Opportunity Costs, and the Production Possibilities Curve

Scarcity, Opportunity Costs, and the Production Possibilities Curve - PowerPoint Presentation

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Uploaded On 2018-11-05

Scarcity, Opportunity Costs, and the Production Possibilities Curve - PPT Presentation

1 Scarcity 2 Scarcity Resources are scarce You cant always get what you want so everyone must make choices Choices can be dependent on money but also time Why do individuals have to make choices ID: 716255

costs production cost opportunity production costs opportunity cost economy ppc quantity efficiency fish coconuts efficient frontier curve economic resources

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