Shifts in PPF - Concept | Microeconomics | JoVe
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Shifts in PPF - Concept | Microeconomics | JoVe
A rotation in the production possibilities frontier represents a change in the efficiency of resources, enabling increased production of one good without ...
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Consumer goodsOXDFont SizeIPPF-1PPF-2Capital goodsThe diagram above shows two PPF curves. Answer the following questions. 20 points. Which of the two points on the PPF-1 will allow this economy to grow more quickly to reach PPF-2? Explain. (5pt) If the economy is operating at point A, what does this mean? One sentence. (5pt)
Consumer goodsOXDFont SizeIPPF-1PPF-2Capital goodsThe diagram above shows two PPF curves. Answer the following questions. 20 points. Which of the two points on the PPF-1 will allow this economy to grow more quickly to reach PPF-2? Explain. (5pt) If the economy is operating at point A, what does this mean? One sentence. (5pt)
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Consumer goodsOXDFont SizeIPPF-1PPF-2Capital goodsThe diagram above shows two PPF curves. Answer the following questions. 20 points. Which of the two points on the PPF-1 will allow this economy to grow more quickly to reach PPF-2? Explain. (5pt) If the economy is operating at point A, what does this mean? One sentence. (5pt)
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