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PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
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PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
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2. Introductory Economic Models / PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency / Problem 5
Problem 5
Why can't marginal benefit be derived from a PPF graph?
A
PPF graphs only show production possibilities, not consumer preferences.
B
PPF graphs are not related to economic efficiency.
C
PPF graphs do not include any cost information.
D
PPF graphs are only used for calculating opportunity costs.
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