When most people think of vegetarians, they think of lacto-ovo-vegetarians. People who do not eat beef, pork, poultry, fish, shellfish or animal flesh of any kind, but do eat eggs and dairy products are lacto-ovo vegetarians (âlactoâ comes from the Latin for milk, and âovoâ for egg). Lacto-vegetarian is used to describe a type of vegetarian who does not eat eggs but does eat dairy products.
Also in the context of consumption possibility curve, the opportunity cost of the x-axis product is equal to the price of x divided by the price of y, to calculate it for the y-axis product, we take the inverse of that number. Presented by: Ablay, Bernadeth.
Production Possibilities Curve (ppc) The Production Possibilities Curve (PPC) models a two-good economy by mapping production of one good on the x-axis and production of the other good on the y-axis. The combinations of outputs produced using the best technology and all available resources make up the PPC.