Economy, asked by DevduttNair8085, 1 year ago

What is the production possibilities frontier? the points on a production possibilities graph that show the total revenue of an economy the line on a production possibilities graph that shows how production increases as new technologies are introduced the points on a production possibilities graph that show an underutilization of resources the line on a production possibilities graph that shows the maximum possible output

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Answered by Vaibhavverma73
3

Hey mate!

I am here with your answer!

A production–possibility frontier or production possibility curve is a curve which shows various combinations of the amounts of two goods which can be produced with the given resources and technology, where the given resources are fully and efficiently utilized per unit time.

The production possibility frontier (PPF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently.

Hope this will help you!

Answered by pinkichodhry1909
0

Answer:

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