May 16, 2018 How to Calculate Opportunity Cost Three Parts: Calculating Opportunity Cost Evaluating Business Decisions Assessing Personal Decisions Community Q& A Opportunity cost is defined as what you sacrifice by Deriving an Algebraic Equation for the Production Possibilities Frontier The algebraic formula for a production possibilities frontier (PPF) shows the opportunity cost of one good in terms of the other. The reciprocal of the opportunity cost shows the oppositethe opportunity cost of the A PPF has constant opportunity cost if the opportunity cost of a good stays the same no matter how much of it is being produced so the PPF will be a straight line (a triangle shape).
Finally, a PPF has decreasing opportunity costs if the opportunity cost of a good gets smaller as more of it (this promotes specialization) and the PPF will be This post goes over the process of how to draw a PPF (production possibilities frontier) or PPC (curve) given a table or opportunity costs.
The tutorial includes numbers, graphs, and examples of how the PPF is created. Create functions that match one variable to the other in a twovariable equation. Functions are written using function notation. Practice: Function rules from equations. Write a formula for f (x) f(x) f How To Write Math Equations Math Sandbox.
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