Economy, asked by vammunje12345, 7 months ago

briefly explain the production possibility set

Answers

Answered by Anonymous

Answer:

Definition: Production possibility frontier is the graph which indicates the various production possibilities of two commodities when resources are fixed. The production of one commodity can only be increased by sacrificing the production of the other commodity.

Answered by muskanmusani30

Explanation:

Production possibility frontier is the graph which indicates the various production possibilities of two commodities when resources are fixed. The production of one commodity can only be increased by sacrificing the production of the other commodity.

Previous Question

Next Question

Similar questions

Math, 3 months ago

Hello ............ What is the formula of Lateral surface area of cube and cuboid...??

Chemistry, 3 months ago

15. Distinguish between unicellular and multicellular organisms...

Social Sciences, 3 months ago

what is coniferous forests? which trees are found in it?

Math, 7 months ago

please tell the answer as soon as possible ...

Math, 7 months ago