production possibilities curve, rational decision making, and soecialization

• if i qwned a business it would tell me how good my production is and it could help me set goals for the future.
• two things that could cause my ppc to shift outward would be in crease in better technology and make more goods.

• the best way to determine if im making the rational econimic decision is to determine the opportunity cost.

• companies choose to specialize so they can produce goods at max efficientcey. they choose to trade so they can have a good they cant produce or because the opprotunity cost is low.

• i feel that this lession will hepl me in the future if i decide to become a company owner. this will help me to see what i need to do to make my company better.