what is production possiblity curve? explain with the help of table and diagram
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In business analysis, the production possibility frontier (PPF) is a curve that illustrates the variations in the amounts that can be produced of two products if both depend upon the same finite resource for their manufacture. ... The PPF is also referred to as the production possibility curve or the transformation curve.
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production possibility curve can be defined as a graph that represents different combinations of quantities of two goods that can be produced by an economy under the condition of limited available resources. It is also known as production possibility frontier or transformation curve.
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sorry, I couldn't explain you with the table and diagram.
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