For example the median expected annual pay for a typical Paralegal I in the United States is $53,899 so 50% of the people who perform the job of Paralegal I in the United States are expected to make less than $53,899. Source: HR Reported data as of October 2015. 1  Salary.
A production possibility curve (PPC) shows the different combinationstyles of output of TWO goods that an economy can produce considering the factor of production and technology to be constant. The slope of a PPC gives the trade off/opportunity c...
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.