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3 Production Possibilities Frontier
Автор: Dr. Rebecca Johannsen
Загружено: 2026-01-08
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@DrRebeccaJohannsen This lecture introduces the production possibilities frontier (PPF) as a model for illustrating scarcity, trade-offs, and opportunity cost. You’ll learn how the shape of the PPF reflects increasing opportunity costs and how changes in resources or technology shift the frontier. By the end, you’ll understand how the PPF is used to analyze efficiency, growth, and economic choices.
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