PPF图 主要是来体现机会成本(opportunity cost)生产一样物品的代价是什么 不管是经济学还是其他学科,把复杂的事物先简化,理解了就知道,更复杂的情况如何进行推导 所以假设就是一个国家只可以生产两种商品A和B x点为可以生产却不是最有效的点,y是可以生产且最有效的点,z为不可以达到的点。 国与国之间为什么要交易...
5.4 PPF and Opportunity cost By the end of the course, you will be able to understand introductory microeconomic theory, solve basic microeconomic problems, and use these techniques to think about a number of policy questions relevant to the operation of
Opportunity Cost | Definition, Calculation & Types 6:43 6:11 Next Lesson How to Calculate Opportunity Cost Production Possibilities Curve | PPC Definition, Graph & Examples 10:57 Production Possibilities Frontier | PPF Definition, Curve & Graph 8:00 Opportunity Cost | Definition, Calculation...
Scarcity,OpportunityCostandPPF APMacro ©RobinFoster AlvinHighSchool TheFundamentalProblemof Economics:Scarcity •Peoplehaveunlimitedwantsbuttheresourcesto satisfythosewantsarescarce. •Therefore,wemustmakechoicesabouthowtouse ourscarceresources.Wefacetrade-offswhenit comestousingavailableresources. –Ex.Assum...
PPF and Opportunity Cost Maximum possible combinations of food and clothing that can be produced in a given period of time: Create the Production Possibility Frontier for this nation. Questions…. What is the opportunity cost of moving from producing 4 million units of food to 5 million units ...
ThemonetaryamountofopportunitycostorMCisdeterminedbytheshapeofthePPFandpriceoftheothergood. ASimpleProductionPossibilitiesModel ©RLarryReynolds1999 IncreaseX DecreaseX 143 240 3 "LawofIncreasingRelativeCost" 04443 14340 240 3353 428 519 68 7-5 ...
Opportunitycost OpportunitycostonthePPF(p.25)Increasingopportunitycosts(p.27)--anotherexplanationthedecreasingmarginalreturns Homework Defineopportunitycost,andusethePPFtoexplainhowitisrelatedtotheconceptofscarcityandchoice.WhatistheopportunitycostofmovingfromonepointinsidethePPFtoonepointonthePPF?
Unit 1 Scarcity, Opportunity Cost and PPF Fundamental of Economics Key Assumptions in Economics, Scarcity, Opportunity Cost and the Production Possibilities Curve. Basic Economic Concepts Chapter 1 section 3. OPPORTUNITY COST What you write: We consider the costs and benefits of each of the ...
Put together the Law of Increasing Opportunity Cost, the Law of Diminishing Returns, and the relevant calculations, and this leads to the concept of the Production Possibility Frontier (PPF). In choosing to produce one item, a business is choosing not to produce another item, but demand for ...
Opportunity cost: Producing more chocolate wafers, would mean producing fewer gummy bears. The PPF is a graph with an X axis (horizontal) and a Y (vertical) axis, and each axis represents a business initiative, like the production of a good. For concrete examples, imagine you run a candy...