Friday, August 12, 2011

Intro Economics test tomorrow, need help on graphing production poss.!!!!?

For the production possibilities curve: how will I know whether to draw it curved instead of a straight line? I know that the circular form is due to the imperfect allocation of resources and substitutes (etc...), while a linear umes perfect allocation of resources. Will there be any key words? Will a large number of data points suggest a circular shape (unless its obviously linear)?

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