Exactly what the name suggests. All possible combinations of output of both goods for a given level of inputs.
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
production possibilities curve convex to the origin. Elson Mendoza was here.
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
it really good
yes
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.
production possibilities curve convex to the origin. Elson Mendoza was here.
no
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
it really good
yes
Any point on the PPC curve
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
Attainable, but the economy is inefficient.
shift outward