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Material Detail

Decreasing Opportunity Costs in the PPC Model

Decreasing Opportunity Costs in the PPC Model

The shape of a production possibilities curve tells us how the opportunity cost of a good changes as the output of that good increases. If the PPC is bowed inwards towards the origin, then the opportunity cost of a good decreases as its output increases. This lesson explains and illustrates how and why this might happen.

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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
July 13, 2021
Date Modified in MERLOT:
August 6, 2023
Author:
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed, College Lower Division, College Upper Division
Technical Format:
Video, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
No

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