Microeconomics PPC 8/20
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/5
There's no tags or description
Looks like no tags are added yet.
Last updated 8:43 PM on 8/20/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
6 Terms
1
New cards
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.
2
New cards
The Slope
Opportunity cost per unit
3
New cards
Point OUTSIDE curve is…
UNATTAINABLE
4
New cards
Any point ON the curve is…
EFFICIENT
5
New cards
A point INSIDE the curve is…
INEFFICENT - not efficiently using reasources
6
New cards
Note 
Flashcards (52)