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microeconomics PPF

AP microeconomics PPF explanation

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Economics
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microeconomics PPF

A Reduced Explanation of How We Might Construct a PPF ??This is to give us a better idea about how one could form a PPF in a classroom or experimental setting. This does not mean that the examples used could not or are not good examples or illustrations of a production possibilities curve, but most of the examples used to illustrate the concept are purely theoretical. So, this is a basic example of how we could construct such a curve and illustrate the same concepts of increasing OC, heterogeneous/specialization of resources, and trade offs while going from production of one good to the next (marginal rate of transformation).
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