The Production Possibility Curve (Production
Description: The Production Possibility Curve (Production Possibility Frontier) PPC The PPC is a visual representation of the various output combinations that an economy can produce between 2 AND ONLY 2 goodsservices. This is a visual representation of
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slide1. The Production Possibility Curve (Production Possibility Frontier)<br>
slide2. PPC The PPC is a visual representation of the various output combinations that an economy can produce between 2 AND ONLY 2 goods/services.
This is a visual representation of a TRADE-OFF and OPPORTUNITY COST.
In theory, this model can be used with ANY 2 goods/services.<br>
slide3. Basic Example:<br>
slide4. Quantifying Trade-Offs/Opportunity Costs<br>
slide5. Maximum Output<br>
slide6. Shifts in the PPC - Examples The PPC will shift inward on both the X and Y axes.<br>
slide7. Shifts in the PPC - Examples<br>
slide8. Shifts in the PPC - Examples<br>
slide9. Shifts in the PPC - Examples<br>
slide2. PPC The PPC is a visual representation of the various output combinations that an economy can produce between 2 AND ONLY 2 goods/services.
This is a visual representation of a TRADE-OFF and OPPORTUNITY COST.
In theory, this model can be used with ANY 2 goods/services.<br>
slide3. Basic Example:<br>
slide4. Quantifying Trade-Offs/Opportunity Costs<br>
slide5. Maximum Output<br>
slide6. Shifts in the PPC - Examples The PPC will shift inward on both the X and Y axes.<br>
slide7. Shifts in the PPC - Examples<br>
slide8. Shifts in the PPC - Examples<br>
slide9. Shifts in the PPC - Examples<br>