Question:

Can someone help me on economics possibilities production curve?

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How can i mathematically determine how much it costs moving from A to B and from B to A? Does it have to do with opportunity cost also?

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2 ANSWERS


  1. "START WITH YOURSELF"

    When i was young and free and my imagination had no limits, I dreamed of changing the world. As I grew older and wiser, I discovered the world would not change, so I shortened my sights somewhat and decided to change only my country.

    But it, too, seemed immovable.

    As Igrew into my twilight years, in one last desperate attempt, I settled for changing only my family, those closest to me, but alas, they would have none of it.

    And now as I lie on my deathbed, I suddenly realize: If I had only changed my self first, then by example I would have changed my family.

    From their inspiration and encouragement, I would then have been able to better my country and, who knows, I may have even changed the world.

    "I don't know the key to success but the key to failure is trying to please everyone!"

    good luck


  2. The PPF is about opportunity costs.  To figure out the cost of increasing production of one good 1, subtract the old level of production of good 2 from the new level of production of good 2.

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