Monday, May 01, 2006

The Production Possibilities Frontier

Also reffered to affectionately as the "PPF curve". For the past couple of days, I definitely have been working within my PPF curve. In fact, let me diagram:



Pretend there are axis involved because I forgot to draw them in (just your standard x and y please, no need to imagine anything else). The curve is my potential production when I operate at full capacity; that is, when I use all resources effectively. The dot is where I currently stand in production. Because it lies under the curve, and not on it, I am producing less than I could potentially be producing, and thus am inefficient. Thusly, I am procrastinating mightily and not doing anything. Take that econ!

However, i would like to point out that I did, in fact, read an entire book today. So it wasn't a complete waste of time. Sort of. *sigh* I need something to do...

1 comment:

Anonymous said...

Go to Kalyn's B-day party
-H