PPF
- Created by: ishah
- Created on: 11-05-13 17:35
View mindmap
- PPF
- curve depicting max output possibilities 2+ goods given set of inputs
- illustrate:
- opp' cost
- scarcity
- choice
- efficiency
- curved: opp' costs increases as more produced
- any point on curve - prductively efficient
- point inside curve - inefficient
- outside curve - unattainable
- eco growth shifts PPF
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