RELATIONSHIP
BTW PRODUCTION POSSIBILITY CURVE & OPPORTUNITY COST
Hi Everyone,
Happy New Week to you all. It's another opportunity to learn and grow and
generally become better at what we already know or what we have an idea of. So
let's get started...
We are
continuing from where we stopped last time.
Interpretation/ Points
to Note from the Graph:
Points A to F on the graph indicate
efficient use of resources.
At Points O & P (Outside the curve), production is
not feasible. Production at these points...
