ppf exam updated questions with answers 2023
ppf examhow to find the y intercept from a chart find the slope between two points plug that into y = mx + b plug in two points into y and x find b that's your fixed fee if some of the resource is lost -- like 20 acres is unusuable, what happens to the ppf you just redraw the intercepts of the two good and you have the SAME opportunity cost there's just less land if the technology changes and the firm can make good faster or with less resources what happens to the ppf redraw the intercepts of the x and y axis and the opportunity costs will change usually one will increase and one will decrease joint ppf the lesser opportunity cost for the x axis is first, then the second how do you find points on the x and y axis given one and the slope y - y / x - x = the slope and solve for the missing point
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