production possibilities curve

A possibility curve would help you know what or where your business is going wrong at and it would be able to tell you what need to be done next.

the best way to determine if we are making a rational economic decision is to see what type of progress we are making. by seeing what need to be changed in order for a successful business.

Companies  choose to specialize and trade because specializing you can get things from other countries that other companies may not have access to, giving you a better hand from other companies. If they doesnt specialize they wouldnt have a successful company.

I feel that this was the most hardest subject.

Limited Resources and unlimited wants and needs

Their was once a trade off I had to do and that was when I had to go to the movies when the opportunity cost is the money and the time, when i could have just bought it on bootleg and not have to pay eight dollars or wait in the long line. Well i felt like i wouldnt go to the movies next time when a new movie comes out.

The business owner would have to choose a good spot were people would always be in the area. they must have a product in which they know that they can make a profit off of such as the goods, and also a responsible owner.

I could see myself as a entrepreneur who make the decisions about the goods because you wouldnt want your business to work and not go out of business or not have enough goods so I would be the one to make sure everything is going good.


I feel that majority of the standards i know and their are some issues i may have.