Production Possibilities Curve

Production–possibility frontier (PPF), sometimes called a production–possibility curve or product transformation curve, is a graph that compares the production rates of two commodities that use the same fixed total of the factors of production.

KEY GRAPH OF MICROECONOMICS

This music video covers many of the key graphs of microeconomics. Don't forget to watch the very end. Enjoy !!

Announcement For The Module !!

Dear DBF 1B and DBF 1C students,

For your information, I have do a module for this subject and already gave to your class leader. So, all of you must pay RM10.00 for the module .

Thank You.

SUPPLY AND DEMAND : HOW MARKETS WORK

MARKETS AND COMPETITION

• A market is a group of buyers and sellers of a particular good or service.
• The terms supply and demand refer to the behavior of people as they interact with one another in markets.
• Buyers determine demand
• Sellers determine supply