This video on Production Possibilities Model and you will find the following topics. <br /> <br />.Our first model, hooray! <br />.Assumptions for the PPF model <br />.PPF table <br />.PPF, scarcity, and opportunity cost. <br />.Graphical representation of PPF. <br />.Complete PPF <br />.Graph of the complete PPF <br />.Interior points. <br />.Exterior point. <br />.Shifts in the PPF. <br />.Technological change <br />.Technological change (cont.) <br />.Technological progress in machines <br />.Economic growth and the PPF. <br />.Economic growth <br />.Slope of the PPF <br />.Law of increasing opportunity costs. <br />.Concave (bowed out) PPF and Increasing Opportunity Costs <br />.A linear PPF. <br />.What would be the underlying assumption for a linear PPF? <br />.A convex PPF. <br />.Decreasing marginal costs.
