Question

(4) What is production possibility curve ?
(A) Supply Curve
(B) Selling Curve
(C) Conversion curve
(D) Cost curve
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Answer 1

Answer:

In business analysis, the production possibility frontier (PPF) is a curve that illustrates the variations in the amounts that can be produced of two products if both depend upon the same finite resource for their manufacture. ... The PPF is also referred to as the production possibility curve or the transformation curve.

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