what is production possibility frontier
Answers
Answer:A production–possibility frontier (PPF) or production possibility curve (PPC) is a curve which shows various combinations of the amounts of two goods which can be produced within the given resources and technology/a graphical representation showing all the possible options of output for two products that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
Answer:
A production- possibilty frontier(PPF)or production possbility curve (PPC) is a curve which shows various combinations of the amounts of two good which can be produce within the given resources and technology / a graphical representation showing all the possible option of output of two products that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.