Answer to Question #298667 in Microeconomics for advocate

Question

Use the production possibility frontier (PPF) to illustrate and explain the scarcity, choice and opportunity cost of a farmer who is producing maize and sorghum.

Answer 1

The inclusion of the production possibility frontier curve illustrates scarcity by dividing production space into attainable and unattainable levels of production. However, not just any production possibility frontier curve illustrates scarcity. For this PPF curve, the production of more of both maize and sorghum is attained by moving upward along the frontier.