explain briefly the production possibility curve
Answers
Answer:
The production possibility frontier (PPF) is a curve that is used to discover the mix of products that will use available resources most efficiently.A straight line occurs if the opportunity cost remains constant. In this scenario, the opportunity cost of producing two goods is projected as being equal regardless of where you are along the line. In reality, this scenario is uncommon and the PPF is more often shown as an outward bending curve.A variety of factors can shift a nation's PPF outward or inward. Macroeconomic factors, such as high unemployment or rising inflation, could cause an inward shift in the PPF. On the other hand, the PPF could shift outward due to a number of factors. An increase in highly trained workers, improved technology, and greater access to capital to fund growth are examples of factors that could promote an outward PPF shift.