explain ppf curve with schedule and diagram
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Production Possibility Curve: Features, Schedule Representation and Assumptions! ... In short, production possibility curve is a curve which shows all possible combinations of two goods that can be produced by making full use of given resources and technology in an economy.
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In this diagram AF is the production possibility curve, also called or the production possibility frontier, which shows the various combinations of the two goods which the economy can produce with a given amount of resources.
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