Opportunity Cost to every decision! Production Possibilities Curve Assumptions: FE/Y Fixed Q of Resources and Technology *Represents: possible combinations.
AP Macroeconomics Review Session One Key Vocabulary Terms and Key Graphs. This is a fairly comprehensive review largely based on the 2000 and 2005 released.
CHAPTER 2 Economic Models: Trade-offs and Trade PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.
1 Chapter 2 Production Possibilities and Opportunity Costs.
You need: ◦ Pencils ◦ Pen (blue or black only) ◦ Personal ID You can not have: ◦ Phones ◦ Calculators.
Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Managerial Economics & Business Strategy Chapter 4 The Theory.
ricing is the process of determining what a company will receive in exchange for its product or service.
Ch 4 Unit3
ME MB 0042 B1131 - C
Topic 2
Gillespie ppt ch02
Lecture 7 Economic and demographic determinants of consumer behavior
