the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
The Production Possibilities frontier/curve
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
The line on a production possibilities curve (PPC) that shows the amounts of goods produced is known as the production possibilities frontier (PPF). This curve illustrates the maximum feasible output combinations of two goods that can be produced with available resources and technology. Points on the curve indicate efficient production levels, while points inside the curve represent inefficiency, and points outside the curve are unattainable with current resources.
production possibilities curve convex to the origin. Elson Mendoza was here.
The Production Possibilities frontier/curve
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.
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
The line on a production possibilities curve (PPC) that shows the amounts of goods produced is known as the production possibilities frontier (PPF). This curve illustrates the maximum feasible output combinations of two goods that can be produced with available resources and technology. Points on the curve indicate efficient production levels, while points inside the curve represent inefficiency, and points outside the curve are unattainable with current resources.
production possibilities curve convex to the origin. Elson Mendoza was here.
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other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
It shows a range of two product quantities that may be created from limited resources. By Lecho648
PPC is nothing but providing the better understandment of trade offs by an individual or society, it also referred as production possibilities frontier.
In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA
production possibility curve