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What does PFF mean in economics?
You must mean PPF? PPF: Production Possibilities Frontier.
What best explains how using a Production Possibilities Frontier PPF helps set up efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
How is Productive Efficiency related to the production possibilities frontier?
Understanding the production possibilities frontier allow business to see where they need additional resources to maximize production. Adding more resources expands production.
Producers can use a production possibilities frontier for what purposes?
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.
What does PPF stand for in economics?
Production Possibility Frontier.
What does PFF mean in economics?
You must mean PPF? PPF: Production Possibilities Frontier.
What best explains how using a Production Possibilities Frontier PPF helps set up efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
Which best explains how using a production possibilities frontier (PPF) helps set up efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
How is Productive Efficiency related to the production possibilities frontier?
Understanding the production possibilities frontier allow business to see where they need additional resources to maximize production. Adding more resources expands production.
Producers can use a production possibilities frontier for what purposes?
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.
What does PPF stand for in economics?
Production Possibility Frontier.
Which of the following statements best explains how using a production possibilities frontier helps setup efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs
Which statements best explains how using a production possibilities frontier helps set up efficient production?
Answer this question… A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
In context to the production possibilities curve what is the largest reason for unemployment?
Operating at an inefficient point, i.e. inside the PPF and not on the edge or line of the PPF
Why is A nation's production possibilities curve is bowed out from the origin?
When there are diminishing marginal returns to factors of production, the PPF is "bowed out" from the origin.
What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
