100+ Low opportunity cost producer PowerPoint (PPT) Presentations, Low opportunity cost producer PPTs

Low opportunity cost producer - PowerPoint PPT Presentation

All resources are fixed in quantity All resources are fully employed Existing technology is fixed. You have a choice of

Production possibilities. Assumptions. All resources are fixed in quantity All resources are fully employed Existing technology is fixed. You have a choice of 2 goods to produce. Production possibilities. Table. Pizzas (10,000) 0 1 2 3 4 Road Pavers 10 9 7 4 0. Opportunity Costs?.

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Econ 10 - 951

Econ 10 - 951. UNC-Chapel Hill Spring 2001. Lecture 2 Understanding Scarcity and Choice 01/11/2000. 1. What Shall We Give Up?. Opportunity Cost. Opportunity cost : The highest valued activity sacrificed in making a choice.

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373 views • 27 slides

All resources are fixed in quantity All resources are fully employed Existing technology is fixed.

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A Shift of the PPC

A Shift of the PPC. 225. A 2. Defense Goods. A 1. B 2. 200. B 1. 175. C 2. 150. C 1. D 2. 125. 100. E 2. D 1. 75. E 1. F 2. 0. 150. 125. 25. 50. 75. 100. Nondefense Goods. Marginal Opportunity Cost .

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Low opportunity cost producer - PowerPoint PPT Presentation

All resources are fixed in quantity All resources are fully employed Existing technology is fixed. You have a choice of

Econ 10 - 951

All resources are fixed in quantity All resources are fully employed Existing technology is fixed.

A Shift of the PPC