0
A production possibilities frontier (PPF) illustrates the maximum possible output combinations of two goods or services that an economy can produce given its resources and technology. It demonstrates the trade-offs between the two goods, highlighting opportunity costs and the concept of efficiency in production. Points on the frontier indicate efficient production levels, while points inside the curve reflect inefficiency, and points outside are unattainable with current resources. The shape of the PPF can also indicate the nature of opportunity costs, which may vary depending on the resources used.
What else can I help you with?
What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
What line that shows different production possibilities for an economy?
production possibilities frontier
What are the effects of discrimination in the production possibilities frontier?
The effects of discrimination in the production possibilities frontier is that a given business does not fulfill its ful potential.
Where would a point of under utilization appear on a production possibilities?
below or to the left of the production possibilities frontier
Where would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
What tool helps producers set up an efficient system of production?
a production possibilities frontier graph
What line that shows different production possibilities for an economy?
production possibilities frontier
What are the effects of discrimination in the production possibilities frontier?
The effects of discrimination in the production possibilities frontier is that a given business does not fulfill its ful potential.
Where would a point of underutilization appear on a production possibilities?
below or to the left of the production possibilities frontier
In a production possibilities frontier model a point inside the frontier is?
Attainable.
Where would a point of under utilization appear on a production possibilities?
below or to the left of the production possibilities frontier
Country's consumption possibilities frontier can be outside its production possibilities frontier if?
penis, it's wats good for you. fo'sho man.
Where would a point of under utilization appear on a production possibilities graph?
below or to the left of the production possibilities frontier
Producers can use a production possibilities frontier for which of the following purposes?
Producers can use a production possibilities frontier for which of the following purposes?
