What is the purpose of a production possibility curve?
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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.
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hiii mate here is the answer
purpose of a production possibility curve is to show the relationship between the two good which can be produced within the given resources
hope it may help you
purpose of a production possibility curve is to show the relationship between the two good which can be produced within the given resources
hope it may help you
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