What does a production possibilities curve represent?

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11-10-2016
Social Studies

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What does a production possibilities curve represent?

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matisawhitney matisawhitney · Answer 1 · 2016-10-11T15:31:56+02:00

matisawhitney matisawhitney

11-10-2016

The production possibility frontier (PPF) is a curve depicting all maximum outputpossibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently.

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