Question

how do you make a production possibility curve and explain it ?

Answer 1

Answer:

A production possibilities curve shows the combinations of two goods an economy is capable of producing. The downward slope of the production possibilities curve is an implication of scarcity. The bowed-out shape of the production possibilities curve results from allocating resources based on comparative advantage.

Answer 2

Answer:

The production possibility frontier demonstrates that there are, or should be, limits on production. An economy, to achieve efficiency