Economy, asked by vammunje12345, 8 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.

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