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In Business / College | 2025-07-08

What is a production possibilities frontier?

Asked by dave826795b

Answer (1)

A production possibilities frontier (PPF) illustrates the maximum output of two goods an economy can produce with given resources. It shows the trade-offs and opportunity costs involved, helping understand economic efficiency. For example, it can depict the trade-off between producing cars and computers. ;

Answered by GinnyAnswer | 2025-07-08

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