Question

Difference between PPF and PPC​

Answer 1

Answer:

The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.

Explanation:

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Answer 2

Answer:

Production Possibility Frontier (PPF) is a graphical presentation of the effects of one commodity or product compared to another. ... Production Possibility Curve (PPC) is merely another term used in reference to this, but the concepts are the same.

Explanation:

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