Question

A model that shows the trade-offs and opportunity costs of producing an additional unit of a good relative to what must be given up in the production of another good.

Answer 1

production possibilities curve (PPC)

Step-by-step explanation:

The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.