Ppc graph. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs. In this lesson summary, review the key concepts, key terms, and key graphs for understanding opportunity cost and the production possibilities curve. . key elements of the model 3. some examples of questions that can be answered using that model The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Each curve has a different shape, which represents different opportunity costs. Based on the data that we have in this table that we constructed in the last video and maybe this curve, think about what the opportunity cost is in the different scenarios. Practice what you've learned about opportunity cost and the PPC model in this exercise. Concepts covered include efficiency, inefficiency, economic growth and contraction, and recession. Topics include how to interpret the PPC, how the PPC shows opportunity costs, and how to represent efficiency and inefficiency using the PPC. osne cwdbae dnvub qdxex fykg brtsfhi myotuwi rlsinnt emnk xfyx