Answer to Question #320930 in Microeconomics for Chhavi Chaudhary

Question #320930

What is production possibility frontier ? Explain through diagram.

1
Expert's answer
2022-03-30T14:14:14-0400

The Production possibility frontier demonstrates that the production of one commodity may increase only if the production of the other commodity decreases. It is a curve illustrating the varying amounts of two products that can be produced when both depend on the same resources.


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