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.
The consumption possibility curve can be called as consumption possibility line, boundary, frontier, and schedule. It is a graphical representation of the consumption possibilities and it is usually a straight line with a negative slope. different prices, given that the purchaser has a fixed amount of money to spend.
As you move along the PPF, Production Possibilities Frontier, you are incurring an Opportunity Cost. This is due to the fact that as you produce more of one good you have to shift resouces away from the production of the other good. This opportunity cost is not uniform throughout the curve.