Microeconomics PPC 8/20
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6 Terms
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What type of opportunity cost is a STRAIGHT LINE PPC?
Constant Opportunity Costis represented by a straight-line Production Possibilities Curve (PPC), indicating that resources are easily transferable between different goods without increasing costs.
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The Slope
Opportunity cost per unit
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Point OUTSIDE curve is…
UNATTAINABLE
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Any point ON the curve is…
EFFICIENT
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A point INSIDE the curve is…
INEFFICENT - not efficiently using reasources
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Note 
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