Question

Briefly explain the production possibility frontier​

Answer 1

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Production possibilities frontier (PPF), also known as production possibility curve, indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently.

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Answer 2

Explanation:

Production possiblity frontier is a curve that shows the collection of all possible combination of the goods and services that a country can produce from a given amount of resources at a given technology.