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(Production Possibilities) There's no reason why a production possibilities frontier could not be used to represent the situation facing an individual. Imagine your own PPF.
(Production Possibilities) There's no reason why a production possibilities frontier could not be used to represent the situation facing an individual. Imagine your own PPF. Right nowtodayyou have certain resourcesyour time, your skills, perhaps some capital. Moreover, you can produce various outputs. Suppose you can produce combinations of two outputs, call them studying and partying. Explain what it would mean for you to move upward and to the left along your personal PPF. What kinds of adjustments would you have to make in your life to make such a movement along the frontier
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