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Lecture 4

ECON 101 Lecture Notes - Lecture 4: Opportunity Cost, Normative Economics

6 pages78 viewsFall 2017

Department
Economics
Course Code
ECON 101
Professor
Ratna Shrestha
Lecture
4

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ECON-101 Lecture 4 notes second part of chapter 2:
A second economic model:
Production possibilities frontier (PPF) is a graph that shows the various combinations of
outputs that the economy can possibly produce given the available factors of production
and technology.
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