Microeconomics

Learn the toughest concepts covered in Microeconomics with step-by-step video tutorials and practice problems by world-class tutors

Introductory Economic Models

PPF - Outward Shifts

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Changes in the amount of resources or technology will affect our PPF. Hold on tight! We're expanding (our knowledge)!

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concept

Technological Advances in an Industry

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concept

General Economic Growth

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Problem

The country of Clutchtopia has just stumbled upon a new technology as shown on the graph. 

If Clutchtopians demand 3 million pizza bagels, what is the productively efficient increase in robot production?

4
Problem

The country of Clutchtopia has just stumbled upon a new technology as shown on the graph. 

What type of PPF shift did Clutchtopia experience?

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Problem

The country of Clutchtopia has just stumbled upon a new technology as shown on the graph. 

What is the maximum amount of robots that can be produced in Clutchtopia after the shift?