ECON 101 Lecture Notes - Lecture 1: Jerky, Military Intelligence
Document Summary
H what does it mean for 2 elonomies let"s assume preferences in. 2 economies dif smoke technologies 4 making smokes are jerky different to have different allocations technology identical but counts. B has lower marginal latter ppf jerky lost of. I assume 2 economies to have explain different allocations same technology t same resources use 1 ppf to represent 2 economies. Pretence lines which means they have a lover marginal benett of jerky than b. Resources perhaps one economy has proportionally but same technology as the other smokes more of every resource jerky. It but is also possible proportions are for different an economy to have more affect shape of ppf resources smokes. Bus repurposed resources used for business tip were then allocated for consumer tip steeper preference line higher marginal benefit willing to ng means g g. Manhattan reading from session 2 residential feasible resources used for offices not being.
