Home> Schools> Binghamton University> Economics (ECON) > ECON 162> Notes
Unformatted text preview:

ECON 162 9 11 15 Example 2 PPC for the economy as a whole Guns Military Output vs Butter Civilian Output Butter Tons Guns 1000s Opportunity Cost of 1 ton of butter Possibilities A B C D E F 0 1 2 3 4 5 20 19 16 12 7 0 1 guns 3 guns 4 guns 5 guns 7 guns Changes in PPC 1 Change in Resources Ex Immigration 2 Change in Technology Technological Development Ex Invention of a new milking machine Law of Increasing Cost As production of a good increases the opportunity coast of additional units of that good will also increase Due to specialization of resources

View Full Document
Download Notes
Our administrator received your request to download this document. We will send you the file to your email shortly.

Please select your school

Login

Join to view Notes and access 3M+ class-specific study document.

Continue Continue
or
We will never post anything without your permission.
Don't have an account?

We couldn't create a GradeBuddy account using Facebook because there is no email address associated with your Facebook account.

Link an email address with your Facebook below or create a new account.

Sign Up

Join to view Notes and access 3M+ class-specific study document.

Continue Continue
or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?

We couldn't create a GradeBuddy account using Facebook because there is no email address associated with your Facebook account.

Link an email address with your Facebook below or create a new account.