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ssani ssani
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7 years ago
Cheap​ broadband's a winner
Inexpensive broadband access has created a new generation of television producers and the Internet is their native medium.
​Source: The New York Times​, December​ 2, 2007
The graph shows the PPF for video entertainment and other goods and services before broadband.
Draw the PPF for video entertainment and other goods and services after the arrival of inexpensive broadband. Label it.
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Educator
7 years ago
After the arrival of inexpensive broadband, the demand for internet and thus televisions (video entertainment) will increase. As a result, producers will focus more on producing video entertainment goods than other goods and services.

As a result, the PPF will shift out to the right from the x-axis side (video entertainment side) while keeping the 'other goods and services' side unchanged.

This happens because of the inexpensive way of producing video entertainment thereby increasing its production.
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