The following Mr. Clifford videos will really help to understand the process. The last video also is good if you are struggling.
The following videos help to explain the process.
Attached notes to help you:
Production Possibilities Blank Notes |
We are starting to look at the cost and benefit of producing one good over another. We are using trade-offs, opportunity costs and marginal analysis to understand why sometimes producing one product over the other is beneficial to a business, industry or nation. The following Mr. Clifford videos will really help to understand the process. The last video also is good if you are struggling. The following videos help to explain the process. Attached notes to help you:
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May 2015
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