Suppose South Africa produces only tablets and smartphones. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both smartphones and tablets. The shape of South Africa's production possibilities frontier (PPF) should reflect the fact that as South Africa produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
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Suppose South Africa produces only tablets and smartphones. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both smartphones and tablets.
The shape of South Africa's production possibilities frontier (PPF) should reflect the fact that as South Africa produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone
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