what kind of information does a production possibilities frontier illustrate?
Answers
Answer:
in business analysis, the production possibility frontier (PPF) is a curve illustrating the varying amounts of two products that can be produced when both depend on the same finite resources. The PPF demonstrates that the production of one commodity may increase only if the production of the other commodity decreases.
Explanation:
business analysis, the production possibility frontier (PPF) is a curve illustrating the varying amounts of two products that can be produced when both depend on the same finite resources.
The PPF demonstrates that the production of one commodity may increase only if the production of the other commodity decreases.
The PPF is a decision-making tool for managers deciding on the optimum product mix for the company.