Remember that the same set of resources can be used to make both tablets and smartphones. This means that if Argentina decides to create more smartphones and fewer tablets, the resources utilized to make the additional smartphones will be just as well suited to smartphone production as the resources presently employed in smartphone production. When a result, as more smartphones are created, the opportunity cost of generating each additional smartphone remains constant.
- The opportunity cost of making cellphones is reflected in the curvature of bowed-out PPFs. Producing one additional tablet entails giving up fewer smartphones in flatter places. In hilly places, however, generating an additional tablet necessitates giving up more smartphones. In other words, as you move along the PPF, the opportunity cost of creating tablets changes.
- The opportunity cost of making tablets is constant in linear PPFs and is reflected in the slope of the PPF. If the PPF is flatter, creating an additional tablet necessitates the sacrifice of fewer cellphones. If the PPF is higher, creating an additional tablet necessitates the sacrifice of more cellphones.
- Because the opportunity cost of making additional tablets remains constant when more resources are allocated to tablet manufacture, the PPF must be linear in this scenario. As a result, Graph 1 best reflects Argentina's trade-off between generating tablets and smartphones.
Thus, this is the meaning of Argentina's Production Possibilities frontier (PPF).
To learn more about Argentina's Production Possibilities frontier, refer: https://brainly.com/question/25071524
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